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Krystiannwk

EURUSD strong by signal based on GAP and psychological level

Long
Euro / U.S. Dollar (FX_IDC:EURUSD)  
Krystiannwk  
FX_IDC:EURUSD   Euro / U.S. Dollar
EURUSD LONG gap Hammer Candlestick Analysis Fibonacci psychological level Exponential Moving Average (EMA) Engulfing Candle
6
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eurusd long gap hammer candlestick fibonacci psychological level ema engulfingcandle
I can see here strong rejection after attempt to reach 1.0500 level. Monthly candles showing nice pattern for the third time( Bullish engulfing) and closed above support mentioned above.
I see also two important formations :

1. GAP from daily chart(different broker) is respected almost perfectly with pin candle
2. Shadow of the candle reached Fibonacci level 38.2%

the safe target for me is 1.0800 area, when probably price reach 200 EMA on daily chart.

I would suspect that next wave will reach 1.1000 area in long term.
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