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28 august, 18:04
EUR/USD. Forex technical analysis





The euro continues to bargain within the limits of a short-term descending trading corridor. Today at the Asian session bulls managed to break resistance level 1.4750 which already was tested yesterday in the afternoon therefore the euro has a little grown in relation to dollar.

At present the auctions pass near resistance line of a short-term descending trading corridor as strong resistance level 1.4800/30 nearby is located. Histogram MACD is in a positive zone and specifies in the further growth of euro/dollar. Brave traders can consider break in small volume in case of breakdown level 1.4830. Possible purposes 1.4880 and 1.4930.

Resistance levels: 1.4800/10, 1.4830 1.4850/80, 1.4900, 1.4930, 1.4970, 1.5000

Current price: 1.4799

Support levels: 1.4780/70 1.4750/40, 1.4730, 1.4700, 1.4670, 1.4640 1.4610/00

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