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EURUSD cracks 1.13 barrier on fresh bullish acceleration

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 9, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EURUSD The Euro resumes rally above former top at 1.1243, after two-day consolidation. Shallow dips, contained at 1.1085 and yesterday’s bullish daily candle, signaled fresh strength. Traders are also betting on dollar-negative comments from Fed Chief Yellen, which boosts single currency. Obstacles at 1.1243, former top and 1.1264, Fibo 76.4% of 1.1494/1.0519 descend are cracked, with daily close above, needed to confirm bullish resumption. Regain of levels above 1.1350, would unlock key

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