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EURUSD most important levels are 1.0800 and 1.0985

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 2, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Despite better than expected German and Spanish unemployment results which came better than expected the EURUSD is sitting around 1.0915, very clueless about the direction. Because we have no trend but only a sideways movement on H4 timeframe, we need to watch for important levels, breakouts and zones. On intraday time frames EURUSD is bullish if it stays above 1.0880 (H3, EMA89) with H4 being intraday resistance -1.0930. If the EURUSD breaks 1.0930 with 1h momentum or 4h close above we should

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