EUR/USD: a “hammer”

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Trade idea

BUY 1.1130; TP 1.1180; SL 1.1120

EUR/USD formed a “hammer” candlestick on W1. Despite the fact that it fell as low as to 1.1025, it still managed to close the week above 1.11. As a result, a minor retracement to the upside is possible. A rise above 1.1127 would open the way up to the resistance between 1.1180 and 1.1210. 

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