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Technical analysis for the EURUSD on 22.06.2015

The EURUSD: steady uptrend preserves

Direction Period Expected price movement Price movement corridor
↓↑ 1 day ≈ 120 pips Max. 1.1500

Min. 1.300

eurusd15

Having refreshed two-week high at 1.1385, bulls remain dominating in the EUR/USD market. The price is currently breaking strong resistance at 1.1375 again.

If bulls manage to hold above the 1.1375 resistance before the American session, steady uptrend will continue.

The main growth target is situated at the last month’s high of 1.1465 resistance. The test of this barrier can trigger consolidation.

Alternative scenario: corrective decline into the ascending trend line of 1.1300 is probable.

Dear traders, please post your comments to our forecasts and share your own opinion. Your ideas can be very helpful for the newcomers in the forex market. Thank you!

The EURUSD: steady uptrend preserves

Direction Period Expected price movement Price movement corridor
↓↑ 1 day ≈ 120 pips Max. 1.1500

Min. 1.300

eurusd15

Having refreshed two-week high at 1.1385, bulls remain dominating in the EUR/USD market. The price is currently breaking strong resistance at 1.1375 again.

If bulls manage to hold above the 1.1375 resistance before the American session, steady uptrend will continue.

The main growth target is situated at the last month’s high of 1.1465 resistance. The test of this barrier can trigger consolidation.

Alternative scenario: corrective decline into the ascending trend line of 1.1300 is probable.

Dear traders, please post your comments to our forecasts and share your own opinion. Your ideas can be very helpful for the newcomers in the forex market. Thank you!



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