The price has rebounded off 78% of previous high. If the price moves above 1.2980, next target could be 1.3070 upside. On the other hand, if it drops below 1.2900, we could look at 1.2850 for next support.
Looking at positive news coming out over the last few days, we look to get long.
Looking at 4hr chart, the price has broken out of falling channel. This makes it bullish bias The next support is at around 1.2850
Looking at positive news coming out over the last few days, we look to get long.
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| Eur/usd 1hr chart |
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| 4hr chart |
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