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EUR/USD and GBP/USD Forecast

Discussion in 'Technical Analysis' started by Daily.Forex, May 9, 2016.

  1. Daily.Forex

    Daily.Forex Forum Member

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    The EUR/USD pair initially rallied during the day on Friday, but we found enough resistance just below the 1.15 level to turn the market back around and form a shooting star. The GBP/USD pair initially tried to rally during the day as well, and as a result it looks as if the sellers got involved above the 1.45 level, which has been resistance in the past.

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  2. Eliza Abrams

    Eliza Abrams Well-Known Member Trader

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    EUR/USD has almost reached 1.1350 and it will likely continue falling until it does reach that level.
     

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