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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

Sergey Logachev

EUR/USD: technical analysis

The main trend on the EUR/USD pair is a still bullish. A “Double Top” pattern was formed last week and the price was going down afterwards towards a support at the 34 Simple Moving Average. In the short-term we can expect a correction to a support area between the levels 1.1145 - 1.1087, but then the market may start rising ones again towards a resistance area between the levels 1.1159 - 1.1214.

EUR/USD: technical analysis

There's a “Triple Top”  pattern on the one-hour chart. The price has been falling since last Thursday. A support was found at the level 1.1159, which was a good start for the upward local correction. It's likely that the market will go higher to a resistance area between the levels 1.1214 - 1.1245. Afterwards, the price could go to a new downward movement towards a support area between the levels 1.1145 - 1.1032.

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