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27Nov 13
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EUR / USD pair is trading on the hourly chart is in an uptrend . It shows that the EUR / USD is trading above the moving average with period 55 on the hourly chart (level 1.3547 ) , which has to raise prices in the short term.Signal for a long position will be breakdown up to an hour of resistance at 1.3606 in order to increase the resistance level at 1.3634 and in case of breakdown up to an hour to 1.3660 . Stoploss for this strategy can be placed at 1.3560 .Signal for a short position would be the breakdown on the basis of hours of support at 1.3541 to decline to the support at 1.3513 and in case of breakdown up to an hour 1.3491 .  

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