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EUR/USD Risks Declining From Up-Trend

Discussion in 'Technical Analysis' started by Kaitlin, Feb 12, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    EUR/USD is now placed near the upper edge of the bullish channel pattern in the daily chart. This resistance, at 1.1370, is accompanied by the weekly R1. From here a slide is possible over the next 24 hours, as the bears are watching the monthly R3 at 1.1246 as immediate[​IMG]

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