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100 - 200 Pip Opportunity - EUR/USD Long - 05/02/2016 The primary trend of EUR/USD is bullish on charts and price is trading above the trend line in its daily chart. In 4 hourly chart the price is sustaining above 200 day SMA and taking support of 50 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 1.12750 and support...
Potential move to the upside to previous pullback highs, we are in great area to look for pullbacks.
The macro calendar for the upcoming European session offers no data, hence the EUR/USD remains at the mercy of external factors and the overall market sentiment.