Good morning all,
The EUR/USD prices succeeded in breaching the key support level of 1.2600 which is the Fibonacci 176.4 % then traded below this level, which confirm the bearish turned on the short term trading towards the 1.2509 level and if it breach down this level, the next target would be towards the 1.22 level.
However if it resume its trading above the 1.26 level, this signal its attempts to rise
Should the prices still trading below the 1.26 level, the general market trend would remain bearish.
*The market trend movement according to the main following signals:
MACD: buy signal on the 1 hour chart, sell signal on the 4 hours and Daily chart
SAR: buy signal on the 1 hour chart, sell signal on the 4 hours and Daily chart
Alligator: all signals to sell.
Notice : We draw the attention of our dear clients to monitor the economic new , and we will send you notification as soon as it will be released.
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