Eur/Usd fresh highs on sight |
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Pair has tested again the 1.5000 level, and retreat to current price, yet daily charts show bullish trend remains healthy, with indicators back up, and price moving above 20 SMA. RSI rebound in the 50 line, momentum cutting downside up the 100 line, all support the retest of the 1.5050/60 area, where we still have our roof. Could turn into a triple roof, or just nothing but a consolidation stage in the middle of the upside trend if we get a daily close above that level.
Anyway, 4 hours charts indicators seem a bit exhausted to the upside, a downside correction will find supports at 1.4920 and 1.4880, while resistances from current price are 1.4990, 1.5020 and the 1.5060 area.
Filed under: Forex Advisor
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