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Trend analysis of the EURUSD for 12/11/29
EURUSD
On the 4-hour chart:
The pair dropped to the support level 1.2890 after two tests of the resistance level 1.2985. After that the price rebounded to the level 1.2955 and as a result the resistance line 3 had been formed. The Moving Averages show the formation of a bullish tendency.
On the 1-hour chart:
The price dropped to the level 1.2890 on Wednesday, after that the pair rebounded to the resistance level 1.2955 and the decrease continued. As a result the resistance line 3 had been formed. The price is clamped between the resistance line and the support line 4.The Moving Averages gave a bullish signal.
On the 15-minute chart:
The pair rebounded from the resistance level 1.2955, however the price is moving in the direction of the resistance line3 at the moment. The break through the resistance level and the line 3 will be a signal for the continuation of the growth. If the pair could continue to decrease and break through the level 1.2890 the sales will start.
EURUSD
On the 4-hour chart:
![29.11_t_eu4.gif](/proxy.php?image=http%3A%2F%2Fprojecttest.masterforex.org%2Fuseruploads%2Fimages%2F29.11_t_eu4.gif&hash=36be44b97b11d8c405b9b17d8825c026)
The pair dropped to the support level 1.2890 after two tests of the resistance level 1.2985. After that the price rebounded to the level 1.2955 and as a result the resistance line 3 had been formed. The Moving Averages show the formation of a bullish tendency.
On the 1-hour chart:
![29.11_t_eu1.gif](/proxy.php?image=http%3A%2F%2Fprojecttest.masterforex.org%2Fuseruploads%2Fimages%2F29.11_t_eu1.gif&hash=f6d349decf50d34219c85f0274ad5bb6)
The price dropped to the level 1.2890 on Wednesday, after that the pair rebounded to the resistance level 1.2955 and the decrease continued. As a result the resistance line 3 had been formed. The price is clamped between the resistance line and the support line 4.The Moving Averages gave a bullish signal.
On the 15-minute chart:
![29.11_t_eu15.gif](/proxy.php?image=http%3A%2F%2Fprojecttest.masterforex.org%2Fuseruploads%2Fimages%2F29.11_t_eu15.gif&hash=bfdf36f0b3972334f75f8fa421b580b9)
The pair rebounded from the resistance level 1.2955, however the price is moving in the direction of the resistance line3 at the moment. The break through the resistance level and the line 3 will be a signal for the continuation of the growth. If the pair could continue to decrease and break through the level 1.2890 the sales will start.