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EUR/USD touches downtrend at 1.13 after Yellen

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 30, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Technical Analysis EUR/USD touches downtrend at 1.13 after Yellen “The actual U.S. dollar decline has been more dramatic than we expected.” - Commonwealth Bank (based on Bloomberg) Pair’s Outlook EUR/USD became pretty much buoyant on Tuesday after dovish remarks by the Fed Chair Janet Yellen. Initial resistance area was penetrated relatively easily, while successful testing of the weekly R1 at 1.1250 paved the way for a surge up to 1.13. Daily technical indicators suspect the pair will extend

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