Last week, as expected, EURUSD rallied as expected due to the weakness of USD. However, on Wednesday, the rally was halted and higher prices were rejected with a massive shooting star on Wednesday’s close of the daily candle.

However, the move to the downside could not reach the previous low, and has formed a hammer on Friday’s close of the daily candle. Therefore, with a possible pullback to the support zone of 1.1180, EURUSD could once again reach towards the up trendline that is still intact.

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