EUR/USD: 'V-Top' led to decline

EUR/USD: 'V-Top' led to decline


The price is declining because of the last 'V-Top', so the market is likely going to test the next support at 1.1529 - 1.1508. A pullback from this area could lead to another bullish price movement towards the nearest resistance at 1.1627.


The 34 Moving Average is acting as support. The main intraday target is the next support at 1.1529 - 1.1508. A pullback from this area could be a starting point for an upward price movement towards the closest resistance at 1.1600 - 1.1627.



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The British pound has been enjoying itself versus the other major currencies during the past weeks. WIll the advance of the GBP continue?

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