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EUR/USD: price testing the 55 Moving Average

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There's a 'V-Bottom', so the price is testing the 55 Moving Average. The main intraday target is the next resistance at 1.1720. A pullback from this level could be a departure point for a bearish correction towards the closest support at 1.1628 - 1.1599.

3-7-2018-EUR-H1.png

The last 'Flag' pushed the price higher. Meanwhile, if a pullback from the nearest resistance at 1.1679 - 1.1661 happens next, there'll be a moment for a downward correction in the direction for the Moving Averages.

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