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Forex News EUR/USD

3.30 star(s) 3 Votes
EURUSD has been touch 61.8% fibo, i think its good to long now
 

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The pair is moving south again, towards the old support at 1.1050, the sideways consolidation is clearly not over. ;(
 
The pair formed a pair of hammer candlesticks at 1.0925 on the four-hour time-frame, which were a clear sign for a reversal. Next target is likely at 1.1000 again.
 
EUR/USD rallied above 1.1050 and reached the resistance at 1.1085, let's see whether it will break out above it too.
 
It formed a spinning top below 1.1085 but that does not necessarily mean a reversal. The move to the upside may still continue.
 

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