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EURUSD continued its upward move

Discussion in 'Technical Analysis' started by ForexCycle.com, Jul 3, 2011.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

    Sep 1, 2008
    Likes Received:
    EURUSD continued its upward move from 1.4102 and the rise extended to as high as 1.4577. Support is at 1.4435, as long as this level holds, uptrend could be expected to continue, and next target would be at 1.4600-1.4650 area. On the downside, a breakdown below 1.4435 will indicate that the uptrend from 1.4102 is complete, then the following downward movement could bring price back to 1.4200 zone.


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