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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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EUR/USD analysis for January 07, 2019

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Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1444. According to the H1 time – frame, I have found that price is trading above the Ichimoku cloud and above the daily pivot (1.1386), which is a sign that buyers are in control. I also found a breakout of the resistance cluster on the P&F chart, which is another confirmation of strength. Watch for buying opportunities. The upward target is set at the price of 1.1500.

The material has been provided by InstaForex Company - www.instaforex.com