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EUR/USD: Rejection From The 1.1221 High On Fri Keep The 1.1234 Resistance Out Of Reach

Discussion in 'Technical Analysis' started by Kaitlin, Aug 15, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Rejection from the 1.1221 high on Fri keep the 1.1234 resistance out of reach. Setback see the long upper wick weighing and dips see support starting at 1.1131 then the 1.1100 level and the 200-day MA at 1.1087. Would need sustained break of the 1.1200 level to expose 1.1234 high then 1.1145, trendline resistance from May high. [PL][​IMG]

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