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EUR/USD: Pushing higher
EUR/USD has broken resistance at 1.1045 (declining channel). Over the last month, the pair is still setting lower highs therefore we remain bearish over the medium-term. Hourly resistance lies at 1.1278 (29/06/2015 high). Stronger resistance lies at 1.1436 (18/06/2015 high). Support can be found at 1.0660 (21/04/2015 low). • In the longer term, the symmetrical triangle from 2010-2014 favors further weakness towards parity. As a result, we view the recent sideways moves as a pause in an underlying declining trend. Key supports can be found at 1.0504 (21/03/2003 low) and 1.0000 (psychological support). Break to the ... (full story)
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- Aug 12, 2015 8:31am Aug 12, 2015 8:31am
- genierex
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- glenngie
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Forget the name!!! play the game!!!
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- Edited 4:30pm Aug 12, 2015 4:27pm | Edited 4:30pm
- Turtle Man
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