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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: the trendline is too tough for bears

EUR/USD: the trendline is too tough for bears

The price faced a support at the bullish trendline, which led to form a “V-Top” pattern. The market is likely going to test the trendline and the Moving Averages ones again. If we see a pullback from these levels, there'll be an open door for an upward movement.

EUR/USD: the trendline is too tough for bears

There's a local “Triple Bottom” pattern, which brought bulls into the market. The price found an intraday resistance at 1.1437, so we’ve got a correction in progress. Anyway, the pair is likely going to reach a resistance at 1.1453 – 1.1464 afterwards, but only if we see a pullback from the nearest trendline.

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