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EURUSD stays in a trading range between 1.3749 and 1.3875

Discussion in 'Technical Analysis' started by ForexCycle.com, Mar 26, 2014.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

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    EURUSD stays in a trading range between 1.3749 and 1.3875. Resistance is at 1.3875, a break above this level will confirm that the downtrend from 1.3966 had completed at 1.3749 already, then the following upward movement could bring price to 1.4500 area. On the downside, a breakdown below 1.3749 will signal resumption of the downtrend, then deeper decline towards 1.3550 could be seen.

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