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EUR/USD Attacks 1.09 Amid Profit-Taking

Discussion in 'Technical Analysis' started by Kaitlin, Dec 10, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    The Euro was bid on Tuesday, as market participants attempted to fix profit from a decline that occurred Friday and Monday. Additional signs of buoyancy are coming from the fact that EUR/USD is currently able to trade above an important resistance, namely the 38.2% Fibonacci retracement of the Oct-Nov decline[​IMG]

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