EUR/USD has experienced a sharp up move after breakout from a multi-month base recently. It has faced interim resistance around 1.0950 last week. A brief pullback is taking shape but the 200-DMA at 1.0750/1.0720 could provide support. Only if this is breached would there be risk of a larger decline.
Defence of 1.0750/1.0720 can lead to persistence in up move. Next objectives could be located at last September low of 1.0985/1.1000 and 1.1140.
Defence of 1.0750/1.0720 can lead to persistence in up move. Next objectives could be located at last September low of 1.0985/1.1000 and 1.1140.
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1. AccuTrade System:
tradingview.com/v/yDFPnb1J/
2. Signal Performance:
thedailyfx.com/performance/
3. Best Forex EA:
thedailyfx.com/beetle-ea/
4. Free Forex VPS:
myfxvps.com/get-it-free/
tradingview.com/v/yDFPnb1J/
2. Signal Performance:
thedailyfx.com/performance/
3. Best Forex EA:
thedailyfx.com/beetle-ea/
4. Free Forex VPS:
myfxvps.com/get-it-free/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.