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EURUSD: Targets The 1.1059 Support Zone

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 17, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    EURUSD - With continued downside pressure seen, EURUSD targets the 1.1059 support zone . This leaves the pair targeting its key support located at the 1.1059 level. However, immediate support lies at the 1.1100 level with a cut through there opening the door for more weakness towards the 1.1050 level and then the 1.1000 level. A break of here will aim at the 1.0950 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, on the upside, resistance comes in at

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