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EURUSD: Remains Vulnerable To The Downside

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 15, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    EURUSD: With EUR taking back its intraday gains to close lower on Thursday, EURUSD remains vulnerable to the downside . Support lies at the 1.0800 level. Further down, support lies at the 1.0750 level where a violation will aim at the 1.0700 level. A break of here will aim at the 1.0650 level. Its daily RSI is bullish and pointing lower suggesting further weakness. Conversely, on the upside, resistance comes in at 1.0900 level with a cut through here opening the door for more upside towards

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