World-Signals
Long

Daily Strategy - EURUSD may up above 1.2340

FX:EURUSD   Euro / US-Dollar
EURUSD             (1.2322)
Trend: Neutral/Upward
Support/Resistance: 1.2205 - 1.2340
If you follow our forecast for EURUSD             from the first business day of this week you know that we expected consolidation at the current level. The dollar gains for the last 6-days are over. The consolidation process may end if we see levels above 1.2340. The fundamental events today are not important for the traders and probably the trading will continue to use technical analysis with the process of consolidation or movement up.
World-Signals.com trading strategy is to use the key support/resistance levels and use neutral direction in trading or to ready for long positions. If EURUSD             breaks above 1.2340 the recovery of the Euro             may restart.
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