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5/3/2016 12:21:32 AM

EURUSD continues to rise – Technical Analysis – 03/05/2016



The EURUSD pair continues to rise supported by the exponential moving averages 50 and 100, approaching from our main target located at the bullish channel’s resistance at 1.1625, being aware that there are signals of weak bullish momentum, which might push the price for some temporary negative bias before continuing the expected bullish trend.


Target
Risk


Support
Resistance


Trend Bullish

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