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Daily Technical Report - Swissquote
• EUR/USD has finally broken resistance at 1.0653 (30/12/2016 reaction high). Hourly support lies at 1.0341 (03/01/2017 low). Expected to see continued increase. • In the longer term, the death cross late October indicated a further bearish bias. The pair has broken key support given at 1.0458 (16/03/2015 low). Key resistance holds at 1.1714 (24/08/2015 high). Expected to head towards parity. • GBP/USD has bounced back after breaking hourly support at 1.2083 (25/10/2016 low). Hourly resistance at 1.2268 (11/01/2016 reaction high) has been broken. However, the technical structure still looks bearish. • The ... (full story)