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resoos
offline 5 months
On the website since 03.05.2018
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08:22

The euro / dollar currency pair formed the "inner bar" candlestick pattern on the daily timeframe, based on a round resistance level of 1.2000, reinforced with a simple moving average line over 200 days.

The pair is corrected after a steady growth of almost 2000 points, while over the past 2 weeks EUR / USD has lost more than 4,000 points. The long range of correction is located at 1.2100, in the area of ​​38.2 Fibonacci.

After the appearance of signals about the completion of correction, you can look at sales. The nearest target is located on the 1.1900 line, the medium-term target is at 1.1800, the long-term one, in case of further downtrend development, at the level of 1.1600.

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