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14 March - EURUSD - Long

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 14, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    From technical perspective EURUSD is in uptrend since 1.820 support and long positions should be considered on pullbacks. The below trade is in line with this week's technical analysis Bulls should wait for a pullback towards 1.1050. The former resistance now becomes a support and could provide opportunity to enter long positions. This level is also 50% Fib retracement measured between low 2nd March and high 10th March. If market reacts to this level, this would print another higher high.

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