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EUR/USD Takes A Break Near 1.12

Discussion in 'Technical Analysis' started by Kaitlin, Mar 29, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Weak US personal spending data helped the EUR/USD cross to add value on Monday, as it closed below 1.12 after testing the 23.6% Fibonacci retracement of the March 2016 uptrend at 1.1220. The cap is being provided by the weekly pivot point at 1.1197, but bullish daily and weekly technical[​IMG]

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