EURUSD: Vulnerable but with caution of recovery

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 28, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    EURUSD: Having EURUSD closed lower the past week, more downside pressure is envisaged. However, with its broader uptrend from the 1.0821 level remaining intact, a move higher could occur in the new week. Support lies at the 1.1100 level. Further down, support lies at the 1.1050 level where a violation will aim at the 1.1000 level. A break of here will aim at the 1.0950 level. Conversely, on the upside, resistance comes in at 1.1200 level with a cut through here opening the door for more upside

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