EURUSD: Faces Pullback Threats On Loss Of Momentum

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 17, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    EURUSD: Although holding on to its upside offensive, EURUSD faces pullback threats on loss of momentum at the end of the week. On the downside, support is located at the 1.1200 level and if violated, expect more weakness to happen towards the 1.1150 level. Further down, support lies at the 1.1100 level where a violation will aim at the 1.1050 level. A break of here will aim at the 1.1000 level. On the upside, resistance is comes at 1.1300 level with a cut through here opening the door for more

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