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Technical analysis for the EURUSD on 26.06.2015

The EURUSD: trading remains unchanged

Direction Period Expected price movement Price movement corridor
↓↑ 1 day ≈ 140 pips Max. 1.1290

Min. 1.1055

gbpusd19

The downtrend in the EUR/USD paused at 1.1150 support and turned into a three-day consolidation. The price is now traded within the range of 1.1225 – 1.1150.

As a rule, the rectangle figure indicates continuation of the trend. To confirm this pattern, however, bears will have to break and hold above 1.1150 support.

The breakout will open the way to the next closest support at 1.1055, which is crossed by the lower border of the ascending channel on a 4-hour chart.

Alternative scenario: the breakout of 1.1225 resistance will be a signal for correction up towards 1.1290.

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: trading remains unchanged

Direction Period Expected price movement Price movement corridor
↓↑ 1 day ≈ 140 pips Max. 1.1290

Min. 1.1055

gbpusd19

The downtrend in the EUR/USD paused at 1.1150 support and turned into a three-day consolidation. The price is now traded within the range of 1.1225 – 1.1150.

As a rule, the rectangle figure indicates continuation of the trend. To confirm this pattern, however, bears will have to break and hold above 1.1150 support.

The breakout will open the way to the next closest support at 1.1055, which is crossed by the lower border of the ascending channel on a 4-hour chart.

Alternative scenario: the breakout of 1.1225 resistance will be a signal for correction up towards 1.1290.

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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