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EURUSD Is On Strong Bearish Footing, Pressures Psychological 1.1000 Support

Discussion in 'Technical Analysis' started by Kaitlin, Oct 12, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The Euro remains under strong pressure and extends sharp fall of past two days. Fresh weakness emerged after brief consolidation earlier today. Steady weakness approaches next target at 1.1000, which lies ahead of strong support at 1.0950 (25 July trough), return to which will mark full retracement of 1.0950/1.1365 rally.[​IMG]

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