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Thread: Eur/usd forex trading signals to be considered for day trading

  1. #1
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    Default Eur/usd forex trading signals to be considered for day trading

    The Euro managed to recover well from the 1.0493 level against the US Dollar.

    The EURUSD pair is currently attempting to break a bearish trend line at 1.0620 on the 4-hours chart.

    EURUSD TECHNICAL ANALYSIS

    The Euro failed once again to settle below the 1.0500 handle, and recovered. The current recovery in EURUSD looks positive, as the pair looks for further gains above 1.0620.

    The pair was rejected once again near the 1.0490 and 1.0500 levels, resulting in a bounce. It looks like the pair has formed a double bottom near 1.0490, and might continue to trade higher.

    It has already moved above the 100 simple moving average (H4) at 1.0595. The pair also crawled above the 23.6% Fib retracement level of the last decline from the 1.0828 high to 1.0493 low.

    At the moment, the pair is facing resistance near a bearish trend line at 1.0620 on the 4-hours chart. The same level also coincides with the 38.2% Fib retracement level of the last decline from the 1.0828 high to 1.0493 low. So, a break above the highlighted resistance might produce further gains in EURUSD.

    OUR LATEST FOREX RECOMMENDATIONS:

    The current exchange rate of EUR/USD pair is 1.0604, It is recommended to buy.

    Stay updated with forex trading tips, forex signals and forex trading signals to earn profit.

  2. #2
    Moderator cool user Resolve's Avatar
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