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27.03.2017 12:01 PM
EUR/USD analysis for March 27, 2017

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Recently, the EUR/USD pair has been trading upwards. As I expected, the price tested the level of 1.0873. According to the 4H time frame, I found that the price is trading inside of the strong upward channel and my advice is to watch for buying opportunities. I have placed Fibonacci expansion to find potential upward target. I found Fibonacci expansion 161.8% at the price of 1.0945.

Resistance levels:

R1: 1.0850

R2: 1.0855

R3: 1.0865

Support levels:

S1: 1.0830

S2: 1.0825

S3: 1.0815

Trading recommendations for today: watch for potential buying opportunities.

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