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EURUSD strong resistance at 1.1305/15 is the most important

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 18, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Daily Forecast - 18 April 2016 EURUSD Spot EURUSD strong resistance at 1.1305/15 is the most important of the day & holding keeps the pressure on for 1.1289/85 then strong support at 1.1250/40. This could hold the downside today, but longs need stops below 1.1225. A break lower however is a sell signal & targets 1.1195/90 then late March lows at 1.1155/45. Try shorts at 1.1305/15 with stops above 1.1340. A break above higher sees 1.1315/05 act as good support then to target 1.1370/75

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