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Ascending Trend-Channel Support Might Trigger EURUSD Pullback

Discussion in 'Technical Analysis' started by Kaitlin, Dec 23, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    EURUSD's reversal from short-term ascending trend-channel resistance pulled the pair towards testing the channel support; however, the same might limit its further downside and could favor a bounce to 61.8% Fibo level, near 1.0960, breaking which 1.0980-85 and the 1.1000 psychological magnet could offer consecutive upside resistances to the pair[​IMG]

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