Hi Traders,
The EUR/USD pair is standing on its bottom border of the bullish channel at 1.3180; the breakout of 1.3180 will give a new sell signal and open the way towards 1.3085, its 50-day moving average. Any breakout failure, open the door for some correction to the upside.
Any rebound of the prices from 1.3180 will face a strong resistance at 1.3265, where we could consider opening a new short position. We recommend that our traders avoid excessive risk taking and put Stop Loss in place to avoid uncertainty of the market.
Good luck
The EUR/USD pair is standing on its bottom border of the bullish channel at 1.3180; the breakout of 1.3180 will give a new sell signal and open the way towards 1.3085, its 50-day moving average. Any breakout failure, open the door for some correction to the upside.
Any rebound of the prices from 1.3180 will face a strong resistance at 1.3265, where we could consider opening a new short position. We recommend that our traders avoid excessive risk taking and put Stop Loss in place to avoid uncertainty of the market.
Good luck
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