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Trader Journals:::2026-06-12T14:11:04

EUR/USD

EUR/USD

Hello traders! Having played out yesterday's statement by Donald Trump about the imminent signing of a peace agreement with Iran, the fall of the US dollar, the market is once again returning to normal technical course. And for the currency pair euro/dollar, this is a continuation of the descending medium-term trend that started on May 29 of this year from the pair's peak at 1.1685. Within the day today, the EUR/USD quotes have already fallen from yesterday's high of 1.1589 to almost the support at 1.1555. At the same time, the four-hour stochastic, being at the upper boundary of its indicator's working range, has not even started moving south yet. Accordingly, it can be assumed that during Friday, the US dollar quotes will gradually continue to strengthen, playing out yesterday's decline, and in the pair with the euro, a price decrease can be expected at least to the support at 1.1533.
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