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    Technical analysis for the EURUSD on 27.04.2015

    The EURUSD is consolidating at 1.0870 resistance

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 110 pips Max. 1.1000

    Min. 1.0760

    eurusd18

    The price breached resistance at 1.0820, which had formed the week before, and bulls kept pushing the Euro up at increased volumes.

    Having reached resistance at 1.0870, the price consolidated and will probably correct to the downside. Potential correction target is situated at the lower border of the ascending channel – level 1.0760.

    The Euro is strengthening against the US dollar within the ascending channel, which indicates that bullish potential is still dominating in the market.

    Alternative scenario: the uptrend will recommence from the current levels if price breaks and holds above the resistance of 1.0870.

    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 is consolidating at 1.0870 resistance

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 110 pips Max. 1.1000

    Min. 1.0760

    eurusd18

    The price breached resistance at 1.0820, which had formed the week before, and bulls kept pushing the Euro up at increased volumes.

    Having reached resistance at 1.0870, the price consolidated and will probably correct to the downside. Potential correction target is situated at the lower border of the ascending channel – level 1.0760.

    The Euro is strengthening against the US dollar within the ascending channel, which indicates that bullish potential is still dominating in the market.

    Alternative scenario: the uptrend will recommence from the current levels if price breaks and holds above the resistance of 1.0870.

    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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