The price is now facing the trend line support, the MVA and the fibonacci level of 0.382. So it is quite possible to continue its uptrend, which is shown by the red line. So a breakout of 1.1440 would possible leads to the 1.1500 level, which the price tried to break twice the previous weeks. (This bullish movement also may come from the positive announcements about German and European GDP).
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EURUSD Analysis
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