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    Technical analysis for the EURUSD on 19.05.2015

    The EURUSD has breached the ascending trend line at 1.1310

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 150 pips Max. 1.1400

    Min. 1.1145

    eurusd12

    The breakout of the ascending trend line at 1.1310 is a signal for the reversal of the uptrend.

    To confirm the reversal, bears have to break below 1.1270 support and the lower border of the ascending channel at 1.1200 (dashed line).

    Only the breakout of round 1.1200 mark will support a long-term downtrend. As long as the level is safe, bullish potential preserves.

    Alternative scenario: the breakout of the ascending channel’s lower border at 1.1200 will open the way to 1.1145, 1.1085, 1.1030 levels.

    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 has breached the ascending trend line at 1.1310

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 150 pips Max. 1.1400

    Min. 1.1145

    eurusd12

    The breakout of the ascending trend line at 1.1310 is a signal for the reversal of the uptrend.

    To confirm the reversal, bears have to break below 1.1270 support and the lower border of the ascending channel at 1.1200 (dashed line).

    Only the breakout of round 1.1200 mark will support a long-term downtrend. As long as the level is safe, bullish potential preserves.

    Alternative scenario: the breakout of the ascending channel’s lower border at 1.1200 will open the way to 1.1145, 1.1085, 1.1030 levels.

    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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