Autochartist - Daily Forex Update: EUR/USD

I recently subscribed to Autochartist's latest e-mail feature and received this trade opportunity alert this morning. Autochartist's latest feature provides traders with a quick morning technical outlook of the markets.

The EUR/USD has been rising steadily in line with the following opportunity alert generated earlier by Autochartist for this currency pair. As can be seen from this opportunity alert, the pair previously broke up through the upper resistance trendline of the Rectangle chart pattern identified by Autochartist on the 4-hour charts. The target level for this upward price move was set by Autochartist at 1.3482. The pair nearly reached this target level on Friday and is set to rise further as can also be seen from the next opportunity alert for EUR/USD shown below.

As is visible from the following opportunity alert EUR/USD which I also received via Autochartist's email subscription, the pair is expected to rise toward the target level 1.3539 in the next 2 days - as a result of the earlier daily Triangle breakout. The presence of the daily upward sloping moving average confirms this bullish forecast.

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