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EURUSD is forming sideways movement between 1.3435 and 1.3838

Discussion in 'Technical Analysis' started by ForexCycle.com, Mar 7, 2010.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

    Sep 1, 2008
    Likes Received:
    EURUSD is forming a sideways movement in a range between 1.3435 and 1.3838. Another rise towards 1.3838 is expected later today. As long as this level holds, the price action in the trading range is treated as consolidation of downtrend from 1.4579 and one more fall to 1.3300 is still possible after consolidation. However, a break above 1.3838 resistance will indicate that the fall from 1.4579 has completed at 1.3435 already.


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