REDATOR Ben Graham Posted January 16 REDATOR Report Share Posted January 16 EUR/USD is trading around 1.1607, rebounding after reaching strong support located around 2/8 Murray at 1.1596.If the euro consolidates above 2/8 Murray in the coming hours, it could be seen as an opportunity to take long positions, with a target at the 3/8 Murray located at 1.1657.If downward pressure prevails and the euro falls below 2/8 Murray, the euro is expected to find strong support around the bottom of the downtrend channel located at 1.1565.In case of a technical rebound above 1.1596 or 1.1555, it will be seen as an opportunity to enter long positions with a target at 1.1657, where Murray's 3/8 is located.The Eagle indicator is showing a positive signal, so the trading plan will be to buy the euro n the coming hours as a recovery is expected in the coming days.The material has been provided by InstaForex Company - www.instaforex.com Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Liked! × 💬 Did you like this content? Your feedback is very important! Liked! Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Quote Link to comment Share on other sites More sharing options...
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