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.

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