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FBS: The technical picture of USD/EUR

 

Tatiana Norkina, an analyst of FBS

The support level of 1.2830 / 40 stood afloat and the currency pair turned up after entrenching at the level. The probability of further strengthening of the European currency is quite high today, though there is an additional obstacle for bulls in the figure 1.2900.

Positive attitude of the market participants was supported by MACD indicator. The histogram went into the positive zone and continues growing, and the signal line is slightly lower, but still above the zero point.

 

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