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EURUSD Analysis: Accelerates from 1.1740

Written By Adam Lemon | 2018-06-14 04:09:29 GMT

Along the way, the rate breached the upper boundary of a one-week descending triangle. This should result in further advance that is expected to occur if the 200-period (4H) SMA at 1.1813 is breached. The daily high in this scenario should be the weekly R1 at 1.1856. 

In the meantime, the pair should be supported by the 55-, 100– and 200-hour SMAs and the monthly and weekly PPs in the 1.1755/1.1780 range. 

Fundamentals are likely to introduce volatility today.

EURUSD

 

Interested in EURUSD technicals? Check out the key levels

    1. R3 1.1897
    2. R2 1.185
    3. R1 1.182
  1. PP 1.1773
    1. S1 1.1744
    2. S2 1.1696
    3. S3 1.1667

 

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By Adam Lemon
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