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EURUSD: Faces Its Key Resistance Zone

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 23, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    EURUSD: The pair may have strengthened further on Tuesday but EURUSD faces its key resistance zone at 1.1059/86 with a possible turn back lower envisaged. This view remains valid as long as it continues to trade below the 1.1059/86 zone, its key resistance zone. Support resides at the 1.0850 zone. A cut through here will open the door for more upside towards the 1.0800 level. Further down, support lies at the 1.0750 level where a break will expose the 1.0700 level. On the upside, resistance

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