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Euro / U.S. Dollar

EUR/USD: BREAKOUT

By NoBossTae
Updated
CHART ANALYSIS: On the 15 minute chart, price has formed a bearish engulfing. But, on the hourly chart, price seems to be pushing back beyond the previous session high. An hourly close above 1.1340 will solidify a bullish bias towards 1.140. An hourly close below 1.130 will solidify a bearish bias towards 1.1260.

- No risk, no reward.
Trade active
Price has closed back above support at 1.130. Bias has shifting back to a BUY. TP now set at 1.1380.
Trade active
Price has closed back below support at 1.130. Bias has shifted back to a SELL. TP now set at 1.1240. Wait for another 15 minute close below support for further confirmation.
Trade active
Price has closed back above resistance at 1.130. Bias has shifting back to a BUY. TP now set at 1.140
Chart PatternsEURUSDeurusdforecasteurusdpredictionTrend Analysis

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