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EURUSD Maintains Medium Term Bearish Tone But With Caution

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 19, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    EURUSD: With EUR extending its weakness to close and hold below the 1.0673 level on Tuesday, further downside pressure is envisaged. This will leave its key support located at 1.0519 level as its main target. However, it could be looking for a temporary bottom after maintaining an intra day recovery tone during early trading today. On the downside, support lies at the 1.0600 level where a violation will aim at the 1.0550 level. A break of here will aim at the 1.0500 level with a turn below

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