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EURUSD - Trades Below Trendline Resistance

Discussion in 'Technical Analysis' started by Kaitlin, Jun 23, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    EURUSD Although EURUSD closed higher on recovery on Wednesday and followed through higher during early Thursday trading, it faces downside risk below its declining trendline. Support lies at the 1.1250 level. Further down, support comes in at the 1.1200 level where a violation will aim at the 1.1150 level.[​IMG]

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