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FxWirePro: EUR/USD recovers after making a low of 1.1154, good to buy at dips

  • EUR/USD has taken support near 1.11430 (200 day4H EMA) and recovered from that level till 1.12613. Overall trend is still bullish as long as support 1.1430 holds.

  • Any break below 1.11430 will drag the pair further down till 1.1060/1.1000.

  • Overall bullish invalidation only below 1.1000.

  • The pair's minor resistance is around 1.1240 and break above will extend gains till 1.1280/1.1320.

  • Intraday major resistance is around 1.1320 and break above will target 1.1370/1.1435.

It is good to buy at dips around 1.11950 with SL around 1.1140 for the TP of 1.13050/1.1320

 

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