EUR/USD: TRADING RECOMMENDATIONS

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The value dropped to the zone beneath the essential resistance stage 1.2180 (EMA200 on the 1-hour chart and the Fibonacci stage of fifty% upward correction within the wave of the pair’s decline from 1.3870, which started in Could 2014, and the highs of 2018) (see additionally  “Fundamental Analysis and Recommendations”)


Further correctional decline might result in a fall in EUR / USD to help ranges 1.2129, 1.2100.

Above these help ranges, lengthy positions are nonetheless most well-liked, and a decline to them ought to be seen as alternative to construct up lengthy positions.

Help ranges: 1.2129, 1.2100, 1.2070, 1.2000, 1.1930, 1.1780, 1.1710, 1.1600

Resistance ranges: 1.2180, 1.2260, 1.2340, 1.2450, 1.2580, 1.2600

 

Buying and selling Suggestions

Promote ​​Cease 1.2135. Cease-Loss 1.2190. Take-Revenue 1.2129, 1.2100, 1.2070, 1.2000, 1.1930, 1.1780, 1.1710, 1.1600

Purchase Cease 1.2190. Cease-Loss 1.2135. Take-Revenue 1.2260, 1.2300, 1.2340, 1.2450, 1.2580, 1.2600

*) EUR/USD:  Current Fundamental Analysis and Market Expectations

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