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In this morning's technical analysis we have chosen to put this Forex signal to the test. The issues with signals as many of you might know by now, is that in the long run, the best technical analysts produce the most solid Forex signals… These are the quality signals that generally cost money and are the ones that are hard to come by for free.
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Happy trading and here is the technical analisys for today's Forex signal.
In the past few hours we have seen the end of the Eur/USD uptrend movement.
The Eur/USD can get to two possible psychological barriers: 1.4027 or 1.4054. As soon as the Eur/USD meets those points, it will trigger a legitimate corrective decline to 1.3.
According to the course of the Eur/USD in the past few months: 1.33276 to 1.2588 have been support levels and after that a corrective uptrend that should be the end of this long correction.
Holding the 1.3920 support level will show that the strong bearish move is giving its signs. Signals:
Sell: 1.4027
Stop-loss: 1.41
Take Profit: 1.30
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