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EURUSD – Euro Preparing For Another Downside Ride?

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Key Highlights Euro traded down this past week against the US Dollar after consolidating for some time. There was a major support area around $1.1340, which was broken to clear the way for more downsides in EURUSD. In China, the hosing price index, released by the National Bureau of Statistics posted an increase of 4.9% in March 2016. New Zealand Consumer Price Index released by the Statistics New Zealand posted a rise of 0.2% in Q1 2016, more than the forecast. EURUSD Technical Analysis The

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