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EUR/USD Getting Close to Important Zone

By:
Nenad Kerkez
Published: Jul 7, 2020, 07:44 UTC

The EUR/USD is dropping as suggested on my live webinars and analyses. The last signal was a sell at 1.1325.

EUR/USD

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The EUR/USD is dropping as suggested on my live webinars and analyses. The last signal was a sell at 1.1325.

Overbought conditions have made the EUR/USD drop from the yesterday’s top. 1.1260 is very important now. A bounce off that level should make the pair go up possibly retesting 1.1350 zone and breaking it higher towards 1.1409. However a break below 1.1260 will go for 1.1240 and below 1.1203 is possible. At this point the price is still supported but watch for the break or bounce.

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The Analysis has been done with the CAMMACD.Core and Sit Systems

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About the Author

Nenad Kerkezcontributor

M.Ec. Nenad Kerkez aka Tarantula is Elite CurrenSeas Head trader and a valued contributor to many premium Forex and trading websites.

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