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T3-Consultancy

EURUSD M30: Bullish outlook seen, further upside above 1.0550

Long
Euro / U.S. Dollar (FOREXCOM:EURUSD)  
T3-Consultancy  
FOREXCOM:EURUSD   Euro / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns DJ FXCM Index EURUSD eurusdlong eurusdbullish Forex forexsignals forextrading
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trendanalysis harmonicpatterns chartpattern usdollar eurusd eurusdlong eurusdbullish forex forexsignals forextrading
On the M30 timeframe, prices are testing a key resistance zone at 1.0550. A break above this level would be an upside confirmation, which could provide the bullish acceleration to the next resistance zone at 1.0650, in line with the 261.8% Fibonacci extension. Stochastics are in the oversold region below 20, supporting our bullish bias.
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