EUR/USD found the support at 1.1150 where price rejected the
lower trendline of the descending channel. Today the pair broke above the 50 Moving
Average and 23.6% Fibonacci retracement level which could result in further
correction up.
Consider buying EUR/USD near the breakout level of the Moving
Average – 1.1180, targeting one of the Fibs. The
suggested stop loss is 1.1160.
Support: 1.1150
Resistance: 1.1220, 1.1240, 1.1260
The material has been provided by InstaForex Company – www.instaforex.com
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