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Dollar remains under pressure after dovish Yellen, correction likely to precede fresh bears

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 30, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EURUSD The Euro maintains strong bullish sentiment, regained on yesterday’s softer-than-expected tone of Fed Chair Janet Yellen comments. Strong rally left long bullish daily candle yesterday, with fresh bullish resumption in early European trading, approaching key short-term barriers at 1.1341/74 (peaks of 17 Mar / 11 Feb). Sustained break above these barriers will be very bullish and could trigger extension towards 1.17 zone (the upper boundary of weekly chart’s consolidation between 1.0461

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