Forex Trading Library

EURUSD 2015-10-08

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EUR USD
1.1290

EUR USD is trading now above the descending triangle, and we still seeing the buying pressure is stronger than the selling pressure within that pattern, so the breakout of that pattern would be to the upside. So, we need to confirm the success of this break and the price stay trading above 1.1230.

As long as market higher than the levels of 1.1205s then an upward move to 1.1330s, & 1.1450 is the higher probable move, however, if market fall below the bottom of that pattern which is at 1.1180s then we would see a re-test of the levels of 1.1060s initially.

  Support Resistence
Level 1 1.1200 1.1300
Level 2 1.1150 1.1350
Level 3 1.1080 1.1420
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