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EUR/USD technical analysis for 07.03.2019

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The EUR/USD pair has made another local low at the level of 1.1285 and even tried to test the technical resistance zone located between the levels of 1.1316 - 1.1324 from below, but failed and now is moving in a horizontal consolidation between the levels of 1.1285 - 1.1316. The long upper wick indicates the bearish pressure is still present and lower price levels should be expected soon. The next target is seen at the level of 1.1275 and 1.1258.

EUR/USD technical analysis for 06.03.2019

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The EUR/USD pair is moving lower as it passed the 61% Fibonacci retracement at the level of 1.1305 and now the local low was made at the level of 1.1289. The market conditions are now oversold, but the momentum is still weak and negative and there is no price or candlestick formation indicating a downtrend reversal yet. In this situation, the next target for bears is seen at the level of 1.1275 or even lower at the level of 1.1258.

Forex EUR/USD technical analysis for 28.02.2019

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The EUR/USD pair has almost made it to the 61% Fibo retracement, but then the Bearish Engulfing candlestick pattern occurred and the market is starting to move lower. The technical support at the level of 1.1362 has been hit and the battle for the orange trend line is still continuing. In a case of another wave down, the next technical support is seen at the level of 1.1350 and then at 1.1324.

Forex EUR/USD technical analysis for 27.02.2019

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The EUR/USD pair has completed the consolidation stage and hit the 50% Fibo retracement at the level of 1.1374. After a quick test, it went even higher towards the 61% Fibo retracement located at the level of 1.1407, but failed to hit this retracement yet. The price reversed and is currently moving towards the technical support at the level of 1.3171 to test it from above. The market conditions are now overbought, so the downtrend can resume any time soon.

EUR/USD technical analysis for 26.02.2019

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The EUR/USD pair keeps trading in a horizontal area located between the levels of 1.1316 - 1.1371 after a three wave bounce from the swing low at the level of 1.1234. The level os 1.1371 is so far too strong for the bulls to break through it, so plenty of candles with long upper shadows are now being made. This indicates, that the bears are active at this level and are trying to push the prices lower. Any violation of the lower boundary of the consolidation zone located at the level of 1.1316 will only make the down move faster.

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