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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 going to deliver new high

EUR/USD: bulls going to deliver new high

There’s a “V-Bottom” pattern, which led to the current upward price movement, so yesterday’s “Breakaway Gap” has been closed. Despite of a resistance at 1.1324, the market is likely going to reach the next resistance at 1.1381 – 1.1398. If a pullback from this area happens, there’ll be an opportunity to have a decline towards a support at 1.1324 – 1.1282.

EUR/USD: bulls going to deliver new high

The price has been rising since a “V-Bottom” pattern formed at the local low. So, bulls are likely going to get a resistance at 1.1381 – 1.1398. However, if buyers be stopped here, then bears will probably try to deliver a local correction.

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