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EURUSD Broke Resistance, Need Re-test | July 12, 2017



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Eurusd has broken its resistance zone at 1.1435-48. This pair is staying above this resistance. So it can be good chance to wait for a retest of the broken zone and take buy entry. More bullish expected on this pair. Next target will be 1.1500 for this pair. So we must look for best buy setup from retrace. 

On the chart, we can see that eurusd has broken triangle pattern. 1.1440 level has been turned into support for this pair. So this level can be good buy level. SL will be 40 pips. TP will be 1.1500 zone. For the long term, we can target 1.1600.

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