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Back Technical analysis
EUR/USD – Smart Money Analysis: Bullish Scenario Under Pressure
EUR/USD traded within Imbalance 13 for
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EUR/USD traded within Imbalance 13 for two consecutive weeks, attempting to form a buy signal within that zone. As of Friday, June 5, it appears that bullish expectations have been undermined. Interestingly, this time the bears resumed selling pressure not because of geopolitical tensions in the Middle East. Instead, the decisive factor was the latest U.S. labor market and unemployment data, which will be discussed below.As a result, the pair has now fallen well below Imbalance 13, making it likely
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Samir Klishi,
Analytical expert of InstaForex
© 2007-2026
Summary
Urgency
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Grigory Sokolov
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