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EURUSD | +400 pips Bullish Wave Expected..!!
#EURUSD (Update)
In daily timeframe Chart, Still Moving Below the Descending Trendline & Crucial Horizontal resistance 📉
At the moment, Bulls once again Heading towards the Key horizontal Resistance (1.1380)
If Horizontal & Trendline Resistance Respectively Got Cleared, expecting +400 pips Bullish Impulse in Coming days. 📈
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$EURUSD - Possible rebound hereHi guys! 👋🏻
🔔 Possible uptrend continuation of #EURUSD here after a retest of the dynamic resistance as support.
🔔 The pair has also made a breakout from a critical dynamic resistance and has tested it as support several times, I believe it is also a good sign of a short-term uptrend for #Euro
✊🏻 Good luck with your trades! ✊🏻
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2 Possible moves for EURUSD pair - SHORT then LONGWe can see EURUSD trading in a channel range on the bigger timeframe of Weekly.
Currently we see the pair ranging in a local area of 1.119 to 1.138 after dumping down.
The MACD is still strongly trending down, not yet showing clear sign of reversal in momentum.
1. SHORT TRADE :
We can look to SHORT the retest of the neckline it has broken down from, 1.15.
Target the bottom of the channel around 1.1035
SL above the 3 EMA 50, 100, 200
2. LONG TRADE :
We can look to catch a LONG from the support zone confluent with bottom of channel line at 1.098
Target top of channel but TP along the way.
SL below channel support line
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EURO/USD Technical AnalysisEuro still very weak against the USD, price tired to push a little bit to the upside but couldn't even reach the 0.5 fibo retracement (1.1715) level, I believe the selling pressure will continue to push the prices down. Recently price has created a double top at 1.19 and broke the neckline and the range of this double top pattern has a similar target with the fibo extension level -0.27 which is 1.1420 area which might act as support for a period of time before price sells off more.
Highs and Lows of Euro vs USD Weekly Chart Lower to come The Euro started its journey trading inside this Descending channel in 2008.
Respecting the top middle and bottom of the channel as we descend further
down some 13 years later .
I have pulled some fib levels above and below as well as the POC which is 3% off the current price .
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