EURUSD - Nice Price Action

FX:EURUSD   Euro / U.S. Dollar
EURUSD             corrected, finally. At this point is moving sideways between the 100 and 200 EMAs. Keeping in mind that the main trend is down, we could expect a fall back to 1.3400. Only under this round level I would think that a new low could occur.
Though the trend is down, I am expecting another rally. A break above 1.3450 and a close above the 200 ema would confirm my theory. In this case my first target will be 1.3470 and the second 1.3500.

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Raz you are the god of eurusd
Razvan angrybear168
Hey, thanks you. Is one of my favorite instruments :)
Hello Razvan,

I agree with your analysis, Price action is being squeezed and the obvious psychological lower target is 1.34000 which may well be the low before a push towards 1.35000. If it where to reach this level I feel we'll be in a major retracement move against the Long term down trend:) Let's see how it plays out.
+2 Reply
thanks for analysis
+2 Reply
Razvan manijeh.kazemi.33
You are welcome :)
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