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EUR/USD headed to 1.1460 key resistance? - FXStreet

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 29, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Valeria Bednarik, chief analyst at FXStreet noted the technical conditions surrounding EUR/USD after Yellen's cautionary speech today in the US session.

    Key Quotes:

    "As for the technical picture of the pair, the 4 hours chart shows that the technical indicators are entering overbought territory by the end of the US session, as the price remains pressuring the highs, all of which supports a continued advance towards the 1.1340 level, this month high, en route to 1.1375, the year high.

    Should the price extend beyond this last, the rally can extend up to 1.1460, a major static resistance level that contained the pair since early 2015."

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