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EUR/USD Trades Higher After A Rebound

Discussion in 'Technical Analysis' started by Kaitlin, Oct 14, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The common European currency depreciated against the Greenback on early Friday morning, as the currency exchange rate had dropped below the support provided by the weekly S2 at 1.1043. Previously, on Thursday the currency pair retreated to the third weekly support at 1.0981, and it rebounded before even touching it.[​IMG]

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