Given the long-term positive dynamics of EUR / USD (see “Current dynamics of the EUR/USD and market expectations”)
, the current zone looks very promising for the resumption of long positions. And the breakdown of the short-term important resistance level 1.2222 (ЕМА200 on the 1-hour chart) will confirm our forecast for the resumption of EUR / USD growth.
Support levels: 1.2149, 1.2070, 1.2010, 1.1960, 1.1810, 1.1780, 1.1700, 1.1600, 1.1500, 1.1285
Resistance levels: 1.2180, 1.2222, 1.2270, 1.2340, 1.2555, 1.2580, 1.2600
Trading recommendations
Sell Stop 1.2135. Stop-Loss 1.2230. Take-Profit 1.2070, 1.2010, 1.1960, 1.1810, 1.1780, 1.1700, 1.1600, 1.1500, 1.1285
Buy by-market. Buy Stop 1.2230. Stop-Loss 1.2135. Take-Profit 1.2270, 1.2340, 1.2555, 1.2580, 1.2600
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