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EURUSD – Is This Real Break?

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Key Highlights Euro managed to clear a major bearish trend line on the 4-hours chart, which is acting as a support currently. EURUSD looks like struggling to break a major resistance area near 1.0980 that may act as a pivot zone. In the Euro Area, there is hardly any major economic release, except the Italian Trade Balance, which will be published by the National Institute of Statistics. In Australia, the TD Securities Inflation released by The University of Melbourne - Faculty of Economics

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