EUR/USD remains bullish - Forex247

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Wednesday, December 28, 2016

EUR/USD remains bullish

We remain bullish above 1.0418 support (Fibonacci retracement, horizontal overlap support) for a push up to at least 1.0510 once again (Fibonacci retracement, horizontal overlap support).

RSI (34) has made a bullish exit signalling a change of trend and is held up by our ascending support line.

Buy above 1.0418. Set stop loss at 1.0347 and take profit at 1.0510.

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