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EURUSD Technical Analysis

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Daily technical analysis based trade tips and ideas for forex EURUSD. Our report outlines clear and precise trade entry levels with profit targets and stop loss levels across a broad range of prices for the intraday. To gain an edge in the markets, successful professional traders need a daily trading plan and must be aware of important support and resistance levels. We ensure you are fully prepared to maximise profitable trading opportunities throughout each day, minimising your risk, maximising your profits and taking away the element of gambling.

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EURUSD burst through resistance at 1.0920/30 to hit the next target & selling opportunity at 1.0980/90.

We topped exactly here.
Today's Analysis
16 May 2017 Updated at 00:00am GMT
EURUSD testing our selling opportunity at 1.0980/90. Try shorts with stops above 1.1035. An unexpected break higher above last week's high at 1.022 however is a buy signal despite overbought conditions targeting 1.1090/95.

Failure to beat our selling opportunity at 1.0980/90 targets 1.0855/50 then first support at 1.0930/20. Watch for a low for the day. We should at least pause here but the daily chart outlook is quite negative. A break below 1.0900 eventually this week is likely targeting much better support at 1.0860/50 for profit taking on any remaining shorts.
Technical Analysis EURUSD