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EURUSD Technical Analysis and Key Levels

EURUSD Technical Analysis and Key Levels

As mentioned in our TA of yesterday, price tested 1.24200 resistance by breaking of the rectangle – triggered by the US CPI Data –

However, it failed to break above 1.24200.

The pair is consolidating again. The Main Trend is Bullish.

1.23900 is the intraday support.

On the downside: 1.23600 and 1.23300 are the key support levels. Break below 1.23900 may lead the price towards 1.23300 support.

On the upside: 1.24200 and 1.24500 are the key resistance levels. If the price fails to break below 1.23900, 124200 and 1.24500 will be the target levels.

DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.




EURUSD Technical Analysis: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility
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