EURUSD – Daily Forex Technicals by ForexHound.com June 12th

EURUSD has reached the lower side of a bullish channel testing the 1.5400 support level, a bounce from here will open up the road to another push towards the 1.5500 area and with enough bullish momentum to the upper trenline at 1.5900. EURUSD has reached the lower side of a bullish channel testing the 1.5400 support level, a bounce from here will open up the road to another push towards the 1.5500 area and with enough bullish momentum to the upper trenline at 1.5900. A decent risk and reward ratio with stops placed bellow the lows and a first take profit level at 1.55.

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