We are expecting, in absence of any strong economic
news, a range bound movement in absence of strength in the movement although
bullish trend has an edge. Each and every resistance line will be the deciding
point where struggle to get control over the price between bulls and bears will
be at peak.
Trading Recommendation:
It is recommended to remain long in this pair until
EUR/USD is above initial support line, otherwise take short position in this
Pair.
Support and Resistance
Levels:
R2:
1.3793
R1:
1.3750
S1:
1.3671
S2:
1.3598
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