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EUR/USD is still contained by weekly S1

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 3, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Technical Analysis EUR/USD is still contained by weekly S1 “Further gains in the U.S. dollar are likely to be limited because of the uncertainty. It’s a flip of a coin if rates go up at all in 2016.” - Rochford Capital Pty (based on Bloomberg) Pair’s Outlook The bears were trying to send EUR/USD under the first weekly demand line (1.0853) on Wednesday; however, all attempts failed ultimately and the pair came back above 1.0850 by day-end. Despite that, our medium-term expectations are skewed

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