EURUSD rate is currently in the weekly support zone. Arriving at this zone forced the rate to bounce up. I predict some further growing in the nearest future.
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| EURUSD Weekly chart |
At the lower time frame we can see that the rate reached the resistance level at 1.28015. I expect breaking up. Closing above this zone shall open the way up to 1.28900 target level. If the rate remains below 1.28015 we should expect some downward movement towards 1.27200.
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| EURUSD H4 chart |
Trade recommendation:
Buy after closing above 1.28015 Target level: 1.28900 |
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