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chives152

EURUSD potential reversal

Long
Euro / U.S. Dollar (FX:EURUSD)  
chives152  
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Support and Resistance Fibonacci
4
0
trendanalysis supportandresistance fibonacci
There is potential for a trend reversal.
  • Daily RSI is oversold
  • Strong bounce on fib level
  • Bullish engulfing candle
  • Trendline Support

If bull trend emerges, target is 1.20 to potentially form right shoulder of H&S. If bear trend continues target region for long is 1.10-1.11 on longer term trend support.
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