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I've been trading for 15 years, so I have a lot of things to share. I use the classic technical analysis, which is one of the most powerful tool for any trader.

EUR/USD: bulls try to deliver a new local high

EUR/USD: bulls try to deliver a new local high

There’s a correction, which is taking place on the four-hour chart. Therefore, the market is likely going to get a resistance at 1.1222 – 1.1235 in the short term. If a pullback from this area happens, there’ll be an opportunity to have another bearish movement towards a support at 1.1186 – 1.1164.

EUR/USD: bulls try to deliver a new local high

We’ve got a “Flag” pattern, so bulls are likely going to move on. The nearest target is a resistance at 1.1222 – 1.1235. If buyers be stopped here, then bears will probably try to return into the market.

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