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    Technical analysis for the EURUSD on 07.07.2015

    The EURUSD keeps consolidating around the ascending trend line of 1.0990

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 130 pips Max. 1.1120

    Min. 1.0900

    eurusd4

    Trading in the EUR/USD hasn’t changed significantly. The price has been consolidating around the ascending trend line of 1.0990, which pushed the bears up yesterday.

    Volumes around the trend line are low, which indicates that the downtrend is exhausting. In case of another test of the 1.0990 trend line we’ll be expecting a rebound up.

    Potential growth targets are situated at 1.1030, 1.1100, 1.1120 resistance levels.

    Alternative scenario: the uptrend will turn down if price breaks and hold below 1.0955 support.

    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 keeps consolidating around the ascending trend line of 1.0990

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 130 pips Max. 1.1120

    Min. 1.0900

    eurusd4

    Trading in the EUR/USD hasn’t changed significantly. The price has been consolidating around the ascending trend line of 1.0990, which pushed the bears up yesterday.

    Volumes around the trend line are low, which indicates that the downtrend is exhausting. In case of another test of the 1.0990 trend line we’ll be expecting a rebound up.

    Potential growth targets are situated at 1.1030, 1.1100, 1.1120 resistance levels.

    Alternative scenario: the uptrend will turn down if price breaks and hold below 1.0955 support.

    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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