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Weekly Overview on Majors' Price Action

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 7, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EURUSD – Trying to comeback The EURUSD managed to break the support area from 1.1000 and dropped below the main trend line of the uptrend. The fall has stopped at 1.0830, where it found a local support. The bounce brought the price back above 1.1000, but it was not enough to continue the rally. Currently bulls are trying to push against the resistance area. A break above 1.1055 would be a strong buying signal because this would signal a comeback of the price in the main uptrend channel. A fail

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