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EUR/USD: Another Wide Daily Range With No Results

Discussion in 'Technical Analysis' started by Kaitlin, Apr 13, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Eight consecutive days of neither bullish nor bearish advantage has only ended with emergence of a firm uptrend resistance line for the EUR/USD currency pair. It is now connecting the February high with local April peaks at 1.1460. Despite indecisive trading, it seems that the risks are skewing back to[​IMG]

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  2. Eliza Abrams

    Eliza Abrams Well-Known Member Trader

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    The pair will likely reach 1.1330 - 1.1300 again, but I don't think it will fall any lower than that.
     

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