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EURUSD Trading Signals
Our trading signals have identified a potential trading opportunity in EURUSD at around 1.11842. The currency pair has recently rebounded off a support level on the 4-hour data interval, indicating a possible bullish trend. The price action has formed a Rising Wedge pattern, suggesting a tightening range that could lead to a strong breakout.
Technical Indicators Used:
- Rising Wedge pattern
- Support level bounce
The projected movement for EURUSD is expected to take the price to around the 1.1228 level. This signal can be correlated with the following assets:
- EURGBP
- EURJPY
- EURCHF
Economic Calendar Events:
Traders should also keep an eye on the following economic calendar events that may affect the price action of EURUSD:
- European Central Bank (ECB) interest rate decisions
- US Federal Reserve interest rate decisions
- US Non-Farm Payrolls report
By using these trading signals in conjunction with technical analysis and keeping track of key economic events, traders can make more informed decisions when trading EURUSD.
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