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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: "V-Bottom" led to upward correction

EUR/USD: "V-Bottom" led to upward correction

The price has been moving up and down under the Moving Averages. So, the market is likely going to get a resistance on the 89 Moving Average. If a pullback from this line happens, there’ll be an opportunity to have a decline towards a support at 1.1045 – 1.1023.

EUR/USD: "V-Bottom" led to upward correction

As we can see on the one-hour chart, there’s a “Flag” pattern, which points to a possible upward movement in the direction of the nearest resistance at 1.1120. However, if we see a pullback from this level, bears will probably try to achieve a support at 1.1032 -1.1023.

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