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EUR/USD Faces Monthly R1

Discussion in 'Technical Analysis' started by Kaitlin, Oct 12, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    The immediate resistance is at 1.14, represented by the upper Bollinger band and monthly R1. The base scenario is EUR/USD bouncing off this level, but we should not rule out a possibility of a rally to the September high, especially considering that the weekly technical indicators continue to give more[​IMG]

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