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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: technical analysis

EUR/USD: technical analysis

The EUR/USD has found a resistance at the levels 1.1305 and 1.1352. Afterwards, the price entered into a phase of consolidation, which can turn out to a reversal "V" top pattern. In the short-term we can expect a downward movement to the upper side of the support area (1.1145 - 1.1032), but then the market may to continue growing towards a resistance area between the levels 1.1394 - 1.1439.

EUR/USD: technical analysis

The price has formed a local "V" top pattern. The pair has been consolidating between a resistance at 1.1352 and a support at 1.1245. With this, it’s very likely that we will see the downward movement towards a support area between the levels 1.1214 - 1.1162. If the price starts rising from this levels, the market can continue growing towards a range between the support levels 1.1377 - 1.1394.

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