EURUSD Market Intraday Analysis

EURUSD EURUSD Chart

trend MA10 MA20 stochastic Daily

MARKET ANALYSIS - Intraday Analysis

EURUSD rise from 1.2810 (S2) and made a sharp move upwards breaking above our yesterday’s first resistance level of 1.2870 (S1), closing positive around 1.2900 ending our day with profit. There have been efforts to increase since yesterday’s session and we believe that rate will move towards higher levels with aim to be high of 1.2971 (R1), a strong technical and psychological level. Ultimately, if the price breaks below the 1.2810 (S2), then it is expected to retrace towards 1.2750 (S3) and further fall will then be limited at 1.2692 (S3).

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