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EURUSD - V pattern + support zone at 0.382 of Fib.

Euro / U.S. Dollar (FOREXCOM:EURUSD)  
SMTMi  
FOREXCOM:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns
3
1
trendanalysis chartpattern
EURUSD showed a clear V pattern ( bullish market reaction after a drop) a few days ago.
After the breakout of the last resistance turned now support, we can expect a retest of the 0.382 level of the Fibonacci retracement tool.
If the support rejects the price action, we could target the next monthly resistance level around 1.17
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