EUR/USD: Downtrend Will Start As Soon As Market Drops Below 1.2490 Support
Anton Kolhanov | Feb 16, 2018 06:51AM ET
An downtrend will start as soon, as the market drops below support level 1.2490, which will be followed by a move down to support level 1.2450 and 1.2378.
An uptrend will start as soon as the market rises above resistance level 1.2550, which will be followed by a move up to resistance level 1.2640.
The market is trading along an uptrend with target on 1365, that may be expected to continue, while market is trading above support level 1358.
An downtrend will start as soon, as the market drops below support level 1358, which will be followed by a move down to support level 1350 and if it keeps on moving down below that level, we may expect the market to reach support level 1339.
An downtrend will start as soon, as the market drops below support level 61.25, which will be followed by a move down to support level 60.00.
An uptrend will start as soon as the market rises above resistance level 61.70, which will be followed by a move up to resistance level 63.40.
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