EUR/USD’s strong rebound last week argues that a medium term top could be in place at 1.1120, on bullish convergence condition in daily MACD. Initial bias stays on the upside this week. Break of 1.1482 resistance will target 38.2% retracement of 1.2348 to 1.1120 at 1.1589 next. Sustained break there will argue that whole fall […]
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