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Midday update for EURUSD 29-03-2018
The EURUSD pair returns to test the key support 1.2304 and attempts to break it, which urges caution from the upcoming trading, as closing the four hours’ candlestick below this level will push the price to continue the decline for the rest of the day and paves the way to target 1.2160 level mainly.
Until now, we will keep the positive scenario conditioned by the price stability above 1.2304, noting that our next target is located at 1.2536.
Expected trading range for today is between 1.2250 support and 1.2430 resistance.
Expected trend for today: Bullish
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