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EUR/USD: Try Longs With Stops Below 1.1020

Published 06/19/2017, 03:10 AM
Updated 07/09/2023, 06:31 AM
EUR/USD
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EUR/USD Chart

EUR/USD only resistance of any importance today is at 1.1205/10. Holding below here targets 1.1180 before last week's low at 1.1130. Strong support at 1.1120/10 could hold the downside. Try longs with stops below 1.1085. An unexpected break lower then targets the best buying opportunity of the week at 1.1065/60. Try longs with stops below 1.1020.

A break above 1.1225 is required for a clearer recovery path towards 1.1250/55 before the 1.1295/99 November high. This will need to be broken for further bullish confirmation. A break above 1.1300 is a buy signal confirmation targeting the September high at 1.1326 and August high at 1.1360/65.

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