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EUR/USD is trading around 1.1557, making a strong bullish move after having found good support around the 6/8 Murray and around the bottom of the downtrend channel formed since the beginning of September.
The euro could continue its rise in the coming days until it reaches the 200 EMA around 1.1615. EUR/USD could even reach 8/8 Murray around 1.1718 and could even cover the gap it left around 1.1740.
In case the euro pulls back, we could look to open buy positions as long as the price consolidates above 1.1474 or around the 21SMA located at 1.1509.
The eagle indicator is showing a positive signal. So, our trading plan is to continue buying for the next few days. A good strategy will be to wait for dips in EUR/USD to enter long positions.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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