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EURUSD is facing 1.3444 resistance

Discussion in 'Technical Analysis' started by ForexCycle.com, Aug 10, 2014.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

    Sep 1, 2008
    Likes Received:
    EURUSD is facing 1.3444 resistance, as long as this level holds, the price action in the trading range between 1.3333 and 1.3444 could be treated as consolidation of the downtrend from 1.3700, another fall towards 1.3000 could be expected after consolidation. On the upside, a break of 1.3444 resistance will indicate that the downtrend from 1.3700 had completed at 1.3333 already, then further rise to 1.3550 area could be seen.


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