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EURUSD Weekly Technical Outlook 22-28 February, 2016 | February 20, 2016



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Eurusd has retested its support level. Now it will try to start bullish movement again. 1.0665 is good support for this pair. Above this support level, we need to stay on bullish mode. This pair has good chance to start bullish movement now.


On the above chart we can see 2 bullish candles have been formed on h4 time frame. It can be an indication for this pair for bullish movement. We can expect 100 pips bullish movement on this pair.


Below the support level, we should go for sell on this pair. Sell target will be 80-120 pips.


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