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EUR/USD Nears Third Monthly Resistance Line

Discussion in 'Technical Analysis' started by Kaitlin, Feb 5, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    European common currency continued rallying versus the Greenback on Thursday, by adding 104 extra pips to end the American session at 1.1207. Bottom line: the EUR/USD cross managed to consolidate above 200-day SMA and violated the closest resistance at 1.1115 (weekly R3; monthly R2). Now the focus is turning to[​IMG]

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