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EUR/USD Forecast: Looking at a Trend Change
The Euro has broken higher during the trading session again on New Year’s Eve, as we are above the 1.12 handle. That of course is a bullish sign and we are now finally closing above that handle, suggesting that perhaps we are about to see some type of trend change. That being said, I think that if we can break above the highs of the Tuesday session it’s likely that we will go looking towards the 1.14 level above. We could get pullbacks, but that pullback will probably find plenty of buyers underneath, especially near the 200 day EMA. It also looks as if the 50 day EMA is trying to work its way to the upside, ... (full story)
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- Jan 2, 2020 9:22am Jan 2, 2020 9:22am
- swing77
- Joined Oct 2015 | Status: Ltf market | 1510 Comments
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- Jan 2, 2020 9:22am Jan 2, 2020 9:22am
- swing77
- Joined Oct 2015 | Status: Ltf market | 1510 Comments
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- Jan 2, 2020 10:02am Jan 2, 2020 10:02am
- hayseed
- Joined Nov 2006 | Status: Member | 314 Comments
to trade and code, keep both simple... no call to impress....h
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- Jan 2, 2020 11:13am Jan 2, 2020 11:13am
- Devas1
- | Joined Dec 2019 | Status: Member | 157 Comments