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EUR/USD third higher bottom, the uptrend is continuing

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The pair made 3th higher bottom, which indicates, that the ascending movement most likely will continue. The price is above SMA 50. DeM is directed toward level 80, if we have piercing of the level, the positive scenario will be confirmed. The price did not managed to break SMA 200 at the previous top and now may test it again. If break SMA 200, the USD bulls will receive serious hit. For the pair to exit from the upward tendency, there must be a break of the last bottom at 1.0495.

Source: Bloomberg

Trader Bozhidar Arabadzhiev


 Varchev Traders

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