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EUR/USD, Weekly forecast: further break down of 1.0810 will start downtrend to 1.0580

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 31, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Main scenario: The pair is trading along an sideways trend between support 1.0810 and resistance 1.0985. An uptrend will start as soon, as the pair rises above resistance level 1.0985, which will be followed by moving up to resistance level 1.1200. Alternative scenario: An downtrend will start as soon, as the pair drops below support level 1.0810, which will be followed by moving down to support level 1.0710 and then to 1.0580.

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