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EUR/USD: sideways before US ADP news

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 3, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Main scenario: The pair is trading along an sideways trend between support 1.0890 and resistance 1.0940. An uptrend will start as soon, as the pair rises above resistance level 1.0940, which will be followed by moving up to resistance level 1.0985 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1.1095. Alternative scenario: An downtrend will start as soon, as the pair drops below support level 1.0890, which will be followed by moving down to

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