EUR/USD: BREAKOUT ABOVE 1.0535 WOULD CONFIRM LARGER BOUNCE
EUR/USD has experienced a gradual rebound after finding support at 1.0140 in February. It has established itself above the 50-DMA denoting regain of upward momentum. The pair has formed a base recently and is in vicinity to the upper limit of 1.0535. Defence of the MA at 1.0400/1.0385 could result in continuation of bounce.
Once the pair overcomes 1.0535, the phase of rebound could extend. Next objectives are located at projection of 1.0580 and December high of 1.0630.
EUR/USD has experienced a gradual rebound after finding support at 1.0140 in February. It has established itself above the 50-DMA denoting regain of upward momentum. The pair has formed a base recently and is in vicinity to the upper limit of 1.0535. Defence of the MA at 1.0400/1.0385 could result in continuation of bounce.
Once the pair overcomes 1.0535, the phase of rebound could extend. Next objectives are located at projection of 1.0580 and December high of 1.0630.
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1. AccuTrade System:
tradingview.com/v/yDFPnb1J/
2. Signal Performance:
thedailyfx.com/performance/
3. We provide Free TradingView Premium and Essential Membership.
tradingview.com/v/yDFPnb1J/
2. Signal Performance:
thedailyfx.com/performance/
3. We provide Free TradingView Premium and Essential Membership.
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.