Trading Signal for EUR/USD buy above 1.1335 or sell below 1.1418

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Early in the American session, the euro is trading around 1.1342, undergoing a technical correction after reaching a high of 1.1418 during the European session.

The euro reached price levels seen at the end of April, and we believe it could continue to fall in the coming hours, REACHING THE 21sma at 1.1335.

On the H4 chart, we can see that the euro has formed an uptrend channel since May 11. It is likely that after a technical correction, EUR/USD could rebound around 1.1335, which will be seen as a buying opportunity with targets at the 7/8 Murry level at 1.1418.

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