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EUR/USD In Limbo Between 1.1470 And 1.1345

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

  1. Kaitlin

    Kaitlin Forum Member

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    EUR/USD was literally unchanged on May 6, after the monthly R1 turned to be a tough resistance that was able to limit the rally near 1.1475. This level is reinforced by the weekly pivot point throughout the new five-day period, thereby creating the first major supply for the pair. On[​IMG]

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