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    Technical analysis for the EURUSD on 28.04.2015

    The EURUSD: growth target at 1.1030 resistance

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 120 pips Max. 1.1000

    Min. 1.0780

    eurusd19

    The Euro’s strengthening against the US dollar is looking quite slack in the last couple days, despite the fact that bulls did manage to break and hold above the tough resistance of 1.0825.

    In a short run, a small pullback down from the current levels is possible. Potential targets for the pullback are: 1.0825 support and the lower border of the ascending channel at 1.0780.

    As long as the price is moving within the ascending channel, bullish trend remains dominating. Potential growth target is situated at the tough resistance of 1.1030.

    Alternative scenario: the uptrend will turn down if price breaks the lower border of the ascending channel at 1.0780.

    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: growth target at 1.1030 resistance

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 120 pips Max. 1.1000

    Min. 1.0780

    eurusd19

    The Euro’s strengthening against the US dollar is looking quite slack in the last couple days, despite the fact that bulls did manage to break and hold above the tough resistance of 1.0825.

    In a short run, a small pullback down from the current levels is possible. Potential targets for the pullback are: 1.0825 support and the lower border of the ascending channel at 1.0780.

    As long as the price is moving within the ascending channel, bullish trend remains dominating. Potential growth target is situated at the tough resistance of 1.1030.

    Alternative scenario: the uptrend will turn down if price breaks the lower border of the ascending channel at 1.0780.

    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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