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EUR/USD Ready To Tackle Weekly R1 At 1.1341

Discussion in 'Technical Analysis' started by Kaitlin, Apr 28, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Third consecutive session was finished with gains for the Euro, but somewhat hawkish Federal Reserve prevented a spike above the weekly R1 at 1.1341. Likelihood of another testing of this resistance is high, given that from below the EUR/USD pair is backed by the weekly pivot point and 20-day SMA.[​IMG]

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