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FBSAnalytics
Oct 8, 2021 10:04 AM

EUR/USD: Reverse is expected Long

Euro Fx/U.S. DollarFXCM

Description

Trade: long
Target 1.183


EUR/USD is trading in the declining channel. The currency pair came to the most significant support level of 1.15 with the bullish divergence on the RSI chart. The RSI oscillator also shows that the pair is in the oversold zone. We expect a pullback to happen soon. After October 8th Non-Farm Payrolls announcement the price can touch 1.15 level, but it will bounce back right after.

Resistance levels: 1.1615; 1.1710; 1.1830.
Comments
rizkchadi
hi
i like how you think
can you please put more study about forex?
what do you think about GBP.USD , CAD.CHF and EUR.NZD?
thanks for your time
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