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Forex Technical Major Pairs Analysis
U.S dollar index maintained the positions above the 90.00 support level and formed a bullish reaction yesterday. The index continues moving upward today surpassing the previous day high. However, the index still needs to move above Monday’s high and December’s high to extend its bullish movement toward the 92.00 – 93.00 area. The same as previous analysis, traders will only wait for the chance to enter short positions when the index reaches a resistance level. EUR/USD pushed lower and print a lower low today. The pair seems will continue to add more bearish pressure and target 1.2000 – 1.2070. If the pair ... (full story)