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EURUSD Technical Update –22nd January

From forex-fx-4x.com

The EURUSD pair has broken above yesterdays 1.3299 – 1.3331 tight trading range and is once again close to the 1.3400 area range highs prior to the London open. Price was capped around the 1.3333 price pivot yesterday and any move lower could potentially see an element of support around this technical area of interest (see the fig 2 H4 chart below). Any further downside has the 1.3280 area as a focus, this has seen recent support and marks the median point of the support resistance flip from late December through January. To the upside, the 1.3397 – 1.3403 zone marks the recent range resistance highs and a double top ... (full story)

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