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With a low at 1.2058, EURUSD touched the upper cloud boundary in the 4 hour chart yesterday and today price is bouncing strongly above 1.21. With a high at 1.2158, EURUSD bulls must defend 1.21-1.2090 short-term support.
Price is above the Kumo. This is bullish. Price is above the tenkan-sen and the kijun-sen. This is also bullish. Bulls need to see price close above 1.2118 today. Recapturing 1.21 would be the first step towards the start of the next upward move to 1.22-1.23. If support at 1.2090 fails to hold, we expect price to move towards the lower cloud boundary at 1.20. Important short-term resistance is found at 1.2130¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.
