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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 we wrote: I would be very surprised if we do not see a strong recovery this week & a resumption of the longer term bull trend. Minor resistance at 1.1730/35 now beaten & is acting as support to target 1.1765/70 today. A short term pause possible here, but further gains eventually target 1.1800 & strong resistance at 1.1827/32. This will be the main challenge for bulls this week.

Could not be more accurate as we shot higher to top just 2 pips from 1.1827/32.
Today's Analysis
11 October 2017 Updated at 00:00am GMT
EURUSD higher exactly as predicted to top only 2 pips from strong resistance at 1.1827/32 & the main challenge for bulls this week. A great call! Obviously 1.1827/32 is key to direction today. Profit taking is possible to 1.1800 & first support at 1.1790/85. The downside is expected to be limited but if we continue lower look for a buying opportunity at 1.1770/60, with stops below 1.1735.

A break above 1.1840 is expected eventually, but I can never know the exact timing of course. Be ready to buy in to the break if not already long targeting 1.1870/80 & probably as far as strong resistance at 1.1920/30.
Technical Analysis EURUSD