The EURUSD pair moved up last four days and then showed a profit taking action in the Asian Session. The pair is trading above the 1.1111 key support level. As long as the price remains above that level on fourly-hour basis, we think the bullish action may continue. At this point, we will face again resistance levels at 1.1160 and 1.1220 . On the other hand, if the pair falls below 1.1111, the next support level will be at 1.1050.
18 May 17 (Thu)
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