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EURUSD key to direction this morning is November highs at 1.1050/55

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 10, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    Daily Forecast - 10 December 2015 EURUSD Spot EURUSD key to direction this morning is November highs at 1.1050/55. THIS IS A VERY STRONG RESISTANCE AREA AS WE BECOME OVERBOUGHT. A good chance this bounce in a bear trend will end here. Shorts need stops above 1.1085. Ideally bulls nee a close above here tonight but also a weekly close above tomorrow night to signal a longer term bullish move. First target 1.1095 then 1.1139. Failure to beat 1.1050/55 in the longer term bear trend targets

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