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Eurusdidea

EURUSD Forecast – $1.05087 and $1.05825 Range Breakout NeededThe $1.05087 and $1.05825 range is holding the price. In the middle of the week we have a price trying to break outside of the range area above resistance $1.05825 level, but the price returned inside quickly. We have now indecision for the price which must be defined by the breakout on the upside or downside. The current support $1.05087 is stronger than $1.05825 as a resistance so this could be a decision factor next week.
by Frano_Grgic
EURUSD Daily Setup - Fibo and Cloud Breaking buy confirmationTechnical Analysis: Right now, Current Market Price of EURUSD is 1.0528. We can see that in Daily Time Frame, EURUSD already made double bottom and now making some correction as well. The immediate resistance level is going to start from 1.0628 The Second resistance level is 1.0775 The immediate support level is 1.0467 Considering Fibo, we can see the price of EURUSD is fighting with 0.38 level right now. A strong break out of EURUSD may lead EURUSD towards 0.61 level which is the strongest resistance level and a perfect price for a sniper entry. Considering the cloud breaking strategy, we can also see that during this level, there was a cloud breakout in previous times. We know in Forex, History repeats! Therefore , 1.0628 is one of the best price to enter to the market with a goal to achieve 1.07758. Our Trade: Buy Stop 1.06269 SL# 1.0467 TP# 1.0528
Long
by ForexLab