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21.07.2025 08:17 AM
Trading Signals for EUR/USD for July 21-25, 2025: buy above 1.1590 (200 EMA - 7/8 Murray)

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Early in the European session, the euro is trading around 1.1620, retreating after reaching its high around 1.1650. The euro is likely to consolidate above the 200 EMA in the coming days, which could give it a positive outlook and reach the top of the downtrend channel around 1.1674.

If bullish strength prevails, if the euro consolidates above 1.1680, we could expect it to reach 6/8 Murray around 1.1718 and could even reach +1/8 Murray at 1.1840.

The Eagle indicator is showing a positive signal, so after any technical correction, we will look for opportunities to continue buying the euro in the coming days.

Conversely, a drop below 1.1590 could change the outlook for the euro, and we could expect it to reach the bottom of the downtrend channel around the psychological level of 1.15 and even reach the 6/8 Murray level at 1.1474.

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