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EUR/USD Touches Downtrend At 1.13 After Yellen

Discussion in 'Technical Analysis' started by Kaitlin, Mar 31, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    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 the[​IMG]

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