The EURUSD pair penetrated its line of
resistance for this week and will most likely pursue its current
trend. The last influence of the bearish trend was shrugged off last
November 13 and any doubt for the reversal has been cleared.
Furthermore, the bullish trend for the
second wave is still strong and may continue for quite a while as
indicated in the RSI below. I advised the traders to go on buy this
week but be wary and closely manage the TP and SL orders because it
may not push through the next resistance level marked above the
1.3155 value.
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