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EURUSD Forex Analysis for June 4th 2019

With a good momentum, the price of Eurusd Spot Forex pair is moving up and currency traders may attempt to look for a buy trading chance to join the up trend. Price action is stepping high and we expect market to keep rising up down towards 1.1268 price target area.

Multiple bullish legs pattern could be seen in EURUSD price action. Key support level is present at 1.1159 price level, based on most recent swing low in 15 minutes time frame of EURUSD. However, a clear bearish break down in price action below 1.1159 vital support area will end the up trend. In such type of Forex trading market situation, avoid buying and selling EURUSD and just keep re-analyzing the price movement.



This post first appeared on FX Instructor Forex Blog - For Traders, By Traders, please read the originial post: here

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EURUSD Forex Analysis for June 4th 2019

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