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Technical Analysis – EURUSD _ 28-02-2019

HomeTechnical AnalysisTechnical Analysis – EURUSD _ 28-02-2019
28
Feb
Technical Analysis – EURUSD _ 28-02-2019

Stability above 1.1350 was enough to activate the bullish scenario and push the pair to reach its first target at 1.1405 … and the price fell during yesterday’s trading in an attempt to gain the bullish momentum due to the saturation of the price shown on the indicators Stochastic and RSI.
The possible bullish scenario remains intact as long as the pair remains above the 1.1310 support and the pair could reach its second target at 1.1460 then the resistance at 1.1510 as the third target.
A breach of 1.1310 – 1.1300 might be enough to end the bullish scenario and the price could then head to test the support at least 1.1250.

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