The currency pair traded in a broad range between 1.1163 and 1.1338 before settling at 1.1290, up 0.0103 or 0.91% on the session
EUR/USD likely gained support at 1.0538, the low from December 3 and was met with resistance at 1.1496, the high from Oct. 15.
Most likely Scenario:- long above @1.1263 with target 1.1482 for further extension
Alternative :- Short below @1.1263 with target 1.1170 for further retracement.
Moving Average gives bullish indication for these pair in longer time frame.
RSI Divergence Still above the 50 level and moves in buying area.
Trend Pattern:- Bullish Flag Trend
Candlestick Pattern:- Piercing Line Pattern which gives bullish indication for these pair
Technical Summary:- Strong Buy
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