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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: bears going to deliver new low

EUR/USD: bears going to deliver new low

The price faced a resistance at 1.1196, which led to form a “Double Top” pattern. Therefore, the market is likely going to reach a support at 1.1113 – 1.1093 in the short term. If a pullback from this area happens, there’ll be an opportunity to have an upward price movement in the direction of a resistance at 1.1165 – 1.1181.

EUR/USD: bears going to deliver new low

Bears found a support at 1.1122, so the price is consolidating. However, the pair is likely going to achieve the next support at 1.1103 – 1.1093 during the day. At the same, bulls will probably try to reach the 55 Moving Average afterwards.

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