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    Technical analysis for the EURUSD on 03.07.2015

    The EURUSD: the downtrend has halted at 1.1050 support

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 130 pips Max. 1.1225

    Min. 1.0955

    eurusd2

    The Euro’s decline against the US dollar was halted by 1.1050 support. Taking into account the dollar’s trading against other major currencies, there’s a big chance of a reversal.

    The price can make another attempt to test 1.1050 support on today’s session. If the test turns out false, bulls will continue their uptrend, which began at the opening in the beginning of the week.

    Potential growth targets are situated at 1.1150, 1.1225 resistance levels.

    Alternative scenario: the breakout of 1.1050 support will open the way down to the ascending trend line at 1.0980.

    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: the downtrend has halted at 1.1050 support

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 130 pips Max. 1.1225

    Min. 1.0955

    eurusd2

    The Euro’s decline against the US dollar was halted by 1.1050 support. Taking into account the dollar’s trading against other major currencies, there’s a big chance of a reversal.

    The price can make another attempt to test 1.1050 support on today’s session. If the test turns out false, bulls will continue their uptrend, which began at the opening in the beginning of the week.

    Potential growth targets are situated at 1.1150, 1.1225 resistance levels.

    Alternative scenario: the breakout of 1.1050 support will open the way down to the ascending trend line at 1.0980.

    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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