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EURUSD Kuongorora Mutengo - Ndira 20
EURUSD continued to fall during the American session and bottomed on the level at 1.1075, the lowest intraday level since December 24. At the time of composing, it is trading between the 1.1080 / 85 level, less than ten points beneath the exit on Friday.
Matanho akakosha
Kuramba Nhanho: 1.1450, 1.1280, 1.1172
Matanho Ekutsigira: 1.1066, 1.0981, 1.0879
EURUSD Yenguva yakareba Trend: Kubva
The euro is moving towards a third consecutive loss and the lowest daily exit within a month as it consolidates beneath the moving averages of 5 and 13 while maintaining a steady negative bias.
In the long run, a rebound from the level of 1.0879 is seen as a corrective movement at this point and, possibly, a further increase, possibly restrained by a partial recovery from 1.1412 to 1.0879 at 1.1450 level. Although the downtrend from 1.1450 (high) level may continue at a later stage.
EURUSD Pfupi yenguva Tendende: Bearish
The attention stays at the support level of 1.1085 in the EURUSD pair. A steady break can complete the upper and lower cycle. It may also claim that the entire corrective advance from the 1.0879 level is over.
In this case, the intraday bias can be altered for the downside in support of the level of 1.0981 to confirm and on the upward, after the level of 1.1172 it may instead move upward for the level at 1.1250.
Mudziyo: EURUSD
Order: Tengesa
Mutengo wokupinda: 1.1085
Mira: 1.1130
Target: 1.1040 XNUMX
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