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Aug 7, 2018


STRATEGY 8/8/2018
SELL EU AT 1.160-1.162
Stoploss:40 pip
Takeprofit 1:1.152
Takeprofit 2:1.147

After being under pressure during the first half of the day, dollar's weakness eased with US opening, despite Wall Street rallies to fresh multi-month highs. EUR/USD advance seems just corrective with upside limited by 1.1620 resistance.The EUR/USD pair settled around the 1.1600 level after peaking at 1.1607, below the daily ascendant trend line broke last week, and currently acting as an immediate resistance in the 1.1620/30 region. In the 4 hours chart, the pair managed to advance above its 20 SMA, but remains well below the larger ones, while technical indicators lost upward strength after entering bullish territory, limiting the upward scope.


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