Tuesday, 16 May 2017

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EUR/US: The main trend is up according to the daily swing chart. The uptrend was reaffirmed when buyers took out the last swing top at 1.1022. The new swing bottom is 1.0839. A trade through this level will turn the main trend to down.
The market is also trading on the strong side of a key retracement zone at 1.0932 to 1.0819. Both levels are new support.

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