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EUR/USD to continue trading below 1.10

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 7, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Technical Analysis EUR/USD to continue trading below 1.10 “Euro should again weaken as it becomes clear the ECB will need to do more.” - Westpac Banking Corp. (based on Bloomberg) Pair’s Outlook EUR/USD cooled down on Friday, by falling from Thursday's peak at 1.0980 to reach the 1.0882 mark by the end of last week's trading. In the short term the bears are expected to aim at the weekly pivot point, which guards the July low at 1.0808/1.0795. Consolidation below this area should pave the way

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