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Euro Sterling trying to break out

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 1, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Euro Sterling trying to break out Euro Sterling has been very strong since breaking the weekly down trend back in January and has been in a period of consolidation at the highs for the past six weeks. On the verge of breaking out, a daily close above 0.7900 is key and more upside would be expected.There is likely to be overhead resistance at 0.8020-60 with multiple highs in this area back last Summer. If we do break this area extension projections above come in at 0.8115 and

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