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Short-term Trading Idea FX EUR/USD – Bull or Bear Speculation: Bounce or Break from the...

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 1, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Trading opportunities for currency pair: the euro/dollar has slid to the trend line. From here we could see a bounce since Monday’s movements usually go against Friday’s. The bounce level will tell us how the sellers are set up. A growth to 1.0938 means we should prepare for a break through 1.0985 and then 1.1025. Expectations that the ECB will extend its program of easing monetary policy will put pressure on the euro until March. Due to this, a break of 1.0800 and a strengthening of the price

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