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EUR/USD: sideways between 1.1000 and 1.0865

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 20, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Main scenario: The pair is trading along an sideways trend between support 1.0865 and resistance 1.1000 levels. An downtrend will start as soon, as the pair drops below support level 1.0865, which will be followed by moving down to support level 1.0730 and then 1.0580. Alternative scenario: An uptrend will start as soon, as the pair rises above resistance level 1.1000, which will be followed by moving up to resistance level 1.1200.

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