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4/27/2016 3:54:03 AM

EURUSD keeps climbing - Technical Analysis - 27-04-2016



EURUSD kept rising in the intraday levels as it settles above the important support of 1.1250, which represents the ratio 61.8% of Fibonacci retracement levels for a descending wave in the long term (from 1.1713 to 1.0499), with ongoing positive support from the SMA for the last 50 days period, combined with an influx of positive signals from relative power indicators.

Therefore we expect more gains to come for the pair, targeting the pivotal resistance of 1.1454, which represents the ratio 78.6% of the same retracement levels mentioned earlier.


Target
Risk


Support
Resistance


Trend Bullish

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