EURUSD

Hello traders ,what do you think about EURUSD? In the daily chart of EUR/USD, we are witnessing the formation of a Golden Cross pattern, where the 50-day Moving Average (SMA 50) has crossed above the 200-day Moving Average (SMA 200). This pattern is recognized as one of the strongest bullish signals among the technical trading community and could indicate the beginning or continuation of a long-term upward trend. Interestingly, we observed a similar formation of this pattern in January last year. Therefore, history may be repeating itself and we could see similar upward movements in the near future
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