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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: bulls are going to reach the channel

EUR/USD: bulls are going to reach the channel

The price has found a support at 1.1124, which brought a “Double Bottom” pattern. Therefore, the market is likely going to reach a resistance at 1.1217, which is near the downtrend line. If a pullback from this level happens, a downward movement towards the nearest support area at 1.1124 becomes possible.

EUR/USD: bulls are going to reach the channel

We’ve got a “Double Bottom” pattern, which has been confirmed. Despite of a resistance by the 55 Moving Average, the market is likely going to achieve the next resistance on the 89 Moving Average. However, bears will probably try to reach a support at 1.1085 afterwards.

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