EURUSD - DAILY chart
After last week's decline Eur/Usd has remained under bearish pressure. If it continues this direction it should reach 1.2170 level very soon. Next target would be 1.2050 then. The opposite scenario assumes that Eur/Usd breaks above 1.2270. The movement towards 1.2375 is expected then. Breaking this level would lead Eur/Usd up to 1.2530, where it would face the downtrend line and stronger resistance.
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| EURUSD - Daily chart |
| EUR/USD | Trading conditions | Targets |
BUY
|
Buy after breaking above 1.2270 level
|
T1 1.2375 T2 1.2530 |
SELL
|
Sell if it fails to break 1.2270 resistance level
|
T1 1.2170 T2 1.2050 |
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