forex_meister

EUR/USD - bouncing of support

Long
FX:EURUSD   Euro / U.S. Dollar
EUR GDP numbers were lower than forecast, but not so much lower.

Result would have been a drop in EUR/USD but thats not whats happening. Support has been tested several times and kept up. In my view, this currency has been oversold and has reached bottom. I forecast a bull market, taking profit at 1.3490 (daily chart) or 1.3410 (4hour chart)

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