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EUR USD, “Euro vs US Dollar”
The pair continues the fast ascending correction. The closest target for bulls is the group of upper fibo-levels at 1.1600. During the local correction, I opened a buy order, just as I planned.
As we can see at the H1 chart, the local correction is taking place. If in the nearest future the pair rebounds from the retracements of 61.8%, the price may resume moving upwards. The upper targets are confirmed by local retracements.
After rebounding from the correctional retracement of 61.8%, Europound hast started a fast ascending rally. During the local correction, I opened a buy order. The closest target for bulls is the group of upper fibo-levels at 0.7275.
If the pair rebounds from the group of local retracements at 0.7370 at the H1 chart, the market may start a descending correction. After the correction, I’m planning to open another buy order as the price continues moving upwards.
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.