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    Default FXOpen Technical Analysis

    EUR/USD And USD/CHF Remain Supported On Dips

    EUR/USD is trading nicely above the 1.1280 support and it could continue to move higher. USD/CHF is currently correcting lower, but it remains supported on dips near 1.0050.

    Important Takeaways for EUR/USD and USD/CHF


    • The Euro traded higher recently and tested the 1.1320 resistance area against the US Dollar.
    • There is a major contracting triangle in place with resistance near 1.1305 on the hourly chart of EUR/USD.
    • USD/CHF climbed higher recently above the 1.0000 and 1.0050 resistance levels.
    • There is a crucial bullish trend line formed with support at 1.0050 on the hourly chart.

    EUR/USD Technical Analysis

    EURUSD-Chart-2-1024x479 (1).jpg

    The Euro started a solid rebound after forming a support base above the 1.1200 and 1.1220 levels against the US Dollar. The EUR/USD pair climbed above the 1.1250 and 1.1280 resistance levels to move into a positive zone.

    Continue on FXOpen blog
    FXOpen is a broker regulated by FCA (UK) and ASIC (AU) with more than 500 000+ accounts. Follow us on Facebook, Twitter and G+.

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    My regulated trading platform BPRIMES allows any kind of trading system. They provide me fair market movements service so, I can do my analysis properly. They maintain operational and client bank accounts with reputable international banking institutions. The security of their clients’ funds is their top priority. With them, you can be absolutely assured that your deposits are secured in every possible way. I like their customer support service who have so much dedication to help the client solve the issue well.

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    GBP/USD and EUR/GBP: Can British Pound Bounce Back?


    GBP/USD declined heavily and broke the 1.3050 support area. EUR/GBP is currently correcting lower, but it is still trading above a crucial support at 0.8640.


    GBP/USD Technical Analysis


    The British Pound struggled to stay above the 1.3120 and 1.3100 levels against the US Dollar. The GBP/USD pair started a downward move and broke the 1.3050 and 1.3020 support levels.





    The pair even broke the 1.3000 support and settled below the 50 hourly simple moving average. It traded as low as 1.2978 on FXOpen, and recently started consolidating losses. It moved above the 1.2990 level and the 23.6% fib retracement level of the recent decline from the 1.3052 high to 1.2978 low.


    Continue reading about GBP/USD and EUR/GBP technical analysis and important takeaways...
    FXOpen is a broker regulated by FCA (UK) and ASIC (AU) with more than 500 000+ accounts. Follow us on Facebook, Twitter and G+.

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