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Business / Finance

The analysis of Murray levels - EUR/USD: bearish trend remains valid

FreshForex news RSS 09.09.2019 at 06:10

News Forex from FreshForex

EURUSD - Up

the four-hour EUR/USD chart. After retesting the level 1.1047 (5/8), the currency pair resumed its downward movement. Today the price has tested the strength of the support line of the four-Supertrend. While the reaction rates are quite restrained, so as a priority consider a scenario with a reduction of quotations in the direction of the main level of support/resistance 1.0986 (4/8). Cancelled this scenario will be after the breakout of the resistance at 1.1047 (5/8). In this case, it is possible to expect growth of quotations in the area of the local high at 1.1085. Trading decisions: buy 1.1015 take profit 1.1169

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