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The US dollar consolidates strong gains in 2015

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 5, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EURUSD The Euro was down 10.28% against the US dollar in 2015, ending year under psychological 1.10 barrier. Low of the year 2015 at 1.0461, posted in March, remained intact, despite repeated attempts lower, which were contained just above 1.05 handle. Weekly and monthly technicals remain bearish and favor further downside attempts, after completion of med-term consolidation, entrenched within 1.0461 and 1.1712 range, where the pair spent most of the time in 2015. On the other side, daily

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