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EUR USD RANGEBOND MARKET BETWEEN 1;13400 1;12400 TRADE BETWEEN THIS CURRENTLY TREND IS BEARISH MAY BE WE CAN EXPECT 1.10400 THURSDAY OR FRIDAY
Hello traders, here is the analysis from our team : our teams but line 1.12979 to start. We: watch for break/pullback above line, rebreak of high of pullback candle. Let us know in the comment section below if you have any questions.😉
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The 4 hour right side is down with a bearish sequence against the 1.1497 high from 3/09/2020. The 1 hour is turning up against 1.1183. While above there expect the pair higher toward 1.1497 before a larger turn lower again. BUY EURUSD @1.1290-70 Target- 1.1350 Sl: 1.1250 Good luck !
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.129). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURUSD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. ....
NIKI MS 1.2 shows the continuity of the uptrend in EURUSD
If we see the price rejection in the below support level ,we can see bullish push towards 114.00 or even more or else if price continuous bearish trend we will be seeing the price at 110.00 post retest at the current resistance level.