EUR/USD - Euro Dollar Short term (Intraday) EUR USD broke 1,2530 resistance. EUR USD is in an downtrend directed by 1H exponential moving averages. The volatility decreases. RSI is in a bullish configuration. The uptrend should resume with more vigor.. The target is expected at 1,2900. The price should find a support above 1,2560/70. We could take a long position at 1,2560/70. We will put the stop loss below 1,2540 (-20/30 pips). The targets are 1,2630 (+60/70 pips) 1,2900 (+330/340 pips). Medium term (Daily) EUR USD is in an uptrend supported by 1day exponential moving averages. Bollinger bands are drawing the trend. RSI is in a bullish configuration. The uptrend should continue on 1,2900 resistance.
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