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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: "Thorn" helped bears to reach the low

EUR/USD: "Thorn" brings bears to the top of their form

The price faced the 55 Moving Average, so we’ve got a local flat in progress. It’s likely that the market is going to reach a support at 1.1327 in the short term. If so, an upward correction becomes possible, so we should keep an eye on a resistance at 1.1398 – 1.1437 as a probable next bullish target.

EUR/USD: "Thorn" brings bears to the top of their form

There’s a “V-Top”, which led to the current decline. The market is likely going to get a resistance at 1.1437 during the day. If we see a pullback from this line, bears will probably try to achieve a support at 1.1369 – 1.1339.

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