EURUSD - H1 chart
After reaching 1.2365 resistance, the rate bounced down. It's likely it will fall more, but if this short term uptrend movement is to be kept, it should regain its power around current trend line. Consider opening long positon on Eur/Usd if it bounced up from the trend line. The rate must stay above 1.2330 support.
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| EURUSD - H1 chart |
Trade recommendation
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Buy if the price falls to the trend line and 1.2330 support is saved
Target levels:
T1: 1.2390
T2: 1.2420 for strong pace movement
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Current resistance levels
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