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4/7/2016 3:43:51 AM

EURUSD returns higher - Technical Analysis - 07-04-2016



EURUSD returned higher in the intraday levels, after leaning on the pivotal support of 1.1340, lending it positive momentum that helped it bounce higher, while trading within an ascending price channel in the short term, amid ongoing positive pressure from the SMA50, combined with an influx of positive signals from relative power indicators.

Therefore we expect more gains to come for the pair, targeting the resistance of 1.1465, readying to attack it.


Target
Risk


Support
Resistance


Trend Bullish

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