US Dollar Price Action Sets Stage for Volatile Trading Ahead
The US dollar price action has presented some intriguing setups in major currency pairs. The USD/JPY breakdown and EUR/USD breakout are two notable examples.
The USD/JPY pair has been trending downward, with a recent breakdown below the 115 support level. This breakdown could potentially lead to further losses for the pair, as it opens up the possibility of reaching lower levels. On the other hand, the EUR/USD pair has recently broken out above resistance at 1.1750, indicating a potential upward move.
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