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EUR/USD 1.3784 - 11 September
EUR/USD Open 1.3762 High 1.3828 Low 1.3665 Close 1.3766

In August the Euro made a correction, but overall dropping for the month was insignificant. In force remains the middle term upward channel with bottom limit 1.3397. Last week the Euro currency sharply rose and overcame the support 1.3732 and testing 1.3795. Till the Euro is under 1.3846 the diversion is still in force, which preserves the risk of dropping for the Euro. The middle term range for the EUR/USD is 1.3410 - 1.3995. Strengthening above the support zone 1.3732 will give signals for further rise. Going above 1.3846 will provoke recovery of the Euro towards 1.3948. Going under 1.3745 will form signals for downward movement of the currency couple.
Technical resistance levels: 1.3795 1.3846 1.3948
Technical support levels: 1.3732 1.3564 1.3472

Trading range: 1.3770 - 1.3845
Trend: Upward
Buy at 1.3784 SL 1.3754 TP 1.3834