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EURUSD: Buy on dips

Major support - 1.12000

 

EURUSD has formed a double bottom around 1.1200 and shown a minor recovery till 1.12469 level at the time of writing and is currently trading around 1.12393.

 

In the hourly chart the pair is holding above 20- MA around 1.1215 and touched 55 EMA at 1.12470.Any break above 1.12470 confirms slight bullishness and a jump till 1.12650-1.2700 is possible. The 4 hour chart also confirms minor bullishness. It is trading well above 200- 4H MA at 1.12130 and slightly above 300- 4H EMA around 1.12370.Any major trend reversal only above 1.134500.

 

On the flip side, near term major support is around 1.12000 and any indicative break below will drag the pair till 1.11750/1.11500.

 

It is good to buy on dips around 1.12300-25 with SL around 1.1200 for the TP of 1.13400.

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July 2 15:00 UTC Released

DKCurrency Reserves

Actual

449.6 Stale

Forecast

Previous

451.7 Stale

July 2 13:45 UTC Released

USISM NY Biz Conditions

Actual

50 %

Forecast

Previous

48.6 %

January 31 00:00 UTC 764646764646m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 764646764646m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 776466776466m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 764646764646m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 776466776466m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 764646764646m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 764646764646m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 764646764646m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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