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EURUSD trades nearer the lows for the day after push higher fails

Discussion in 'Technical Analysis' started by ForexLive, Apr 7, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Traded at highest level since mid October but not for long The EURUSD today traded at the highest level going back to October 15, 2015 rising to a level of 1.14534. That high bested the high price from last week which stalled at 1.1437 (on unemployment day). Looking at the daily chart, the high price remained below the resistance area above which centers between the 1.1435 and 1.1465 price levels. Going back to Feb 2015 there have been a number of swing highs in area.

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