It shows that EURUSD near a strong support area form 1.3830-90. Previously two times price had been rejected form this area. A bearish movement is expected from this area. Before this we need to observe Price Action closely at this area. A reversal signal can lead the price to the direction 1.3700 and 1.3480 on long term view. But a break and close above 1.3900 on daily chart can make this scenario invalid.
Analysis by Roy : Get Exact Entry TP SL for this Analysis >> PreferForex
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sustain a loss of some or all of your initial investment and therefore you
should not invest money that you cannot afford to lose. You should be aware of
all the risks associated with foreign exchange trading, and seek advice from an
independent financial adviser if you have any doubts. This is not any trade recommendation.
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