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Weekly Overview on Majors' Price Action

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 14, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EURUSD - 2 Days beforethe Federal Reserve Meeting Last week the fiber’sprice action gave some pretty clear signals of what the price might do. Asexpected EURUSD jumped from 1.0800 all the way above 1.1000. It did not hit thenext resistance from 1.1050 and in the second part of the week it has beentrading in an 100 pips range between 1.0930 and 1.1030. I am expecting for thisbeginning of the week for the bears to try once more to break above 1.1054.They have the biggest chance before Wednesday,

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