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Nov 16, 2018
EURUSD BULLS NOW HAVE THE UPPER HAND
The euro is starting to probe the 1.1351 resistance level against the US dollar, after a failed attempt to contain price below the 1.1300 level. A sustained move above the 1.1351 level supports further bullish advancement for the EURUSD pair towards the 1.1400 resistance level. It is also worth noting that price is trading within a bear flag pattern across the four-hour time frame.
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The EURUSD pair is only bullish while trading above the 1.1300 level, key resistance is now found at the 1.1380 and 1.1400 levels.
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If the EURUSD pair trades below the 1.1300 level, key intraday support is now found at the 1.1265 and 1.1216 levels.