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EURUSD – Euro/dollar breaks out as buyers remain in control

The EURUSD exploded higher today following a small pull back in price on Monday, in-line with our EURUSD discussion in this week’s weekly trade ideas and market outlook. We see the potential for more upside in this pair and those traders who may have missed this long entry can still watch for weakness in the coming days to be a buyer. We are especially focusing on 1.1240 support down to 1.1118 area (the low from last week); if price pulls back to that support zone we will actively be looking to buy again.

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3 Comments

  1. Tim Titchmarsh says:

    Some more great content, EUR still moving up! thanks Nial

    Tim

  2. Sello says:

    Very insightful and easy to understand. Thanks very much Nail.

  3. uffan says:

    You are really great nial… Thank you so much

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