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EURUSD: Sets Up For More Bear Pressure

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

  1. Sandra S.

    Sandra S. Forum Member

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    EURUSD: Having EUR closed slightly lower the past week on a rejection candle print, it faces additional weakness in the new week. This view remains valid as long as the pair can trade and hold below its key resistance zone at 1.1459/94 level. Support lies at the 1.1300 level where a violation will aim at the 1.1300 level. A break of here will aim at the 1.1250 level with a turn below that level targeting the 1.1200 level. Below here will shift attention to the 1.1150 level. Conversely,

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