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EURUSD moves to the longer term trend line

From blog.fxdd.com

The EURUSD is pushing up to and through the closing level from Friday and also toward the trend line from the weekly chart at the 1.3802. This trend line connects the highs from 2008 and 2011. At the end of December 2013, the price tested this line but moved back lower. In the current month, the price moved above this trend line and moved to another topside trend line connecting highs from February 2012 and January 2103. The inability to move above this target, led to some selling, which was helped by the sell off last week on the FOMC statement and Yellen comments. The price of the EURUSD is currently back up ... (full story)

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  • Category: Breaking News