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EUR/USD January 22, 2016

EURO bounced from areas above 1.0850, trading again above moving averages and 38.2% Fibonacci retracement once again.

Hence, we see chances for resuming the bullishness, as ADX is still showing strong positive signal and RSI trades above 50.00.

We need stability above 1.0935 to affirm the upside wave.

Support: 1.0890 – 1.0850 – 1.0800

Resistance:1.0985 –1.1005 –  1.1120

 

Direction: Bullish