EUR/USD D1 chart price is hitting the overhead resistance level again. The Asian session is currently in a rising stage, and the price is expected to try to break through the upper resistance level again. Although the general trend is still in a downtrend, it still takes a certain amount of time to wait for the price correction to end.
The EUR/USD H1 chart shows that the price has retraced to the 0.782 Fibonacci retracement level during this uptrend and has formed support. At present, there is a high probability that the price will rise again and test the upper resistance level again. If the upper resistance level is broken, it will likely rise again.
At 8:15 p.m. tonight, the euro zone will announce its interest rate decision.
The short-term level can be bullish, and the general trend is still recommended to be bearish.
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