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EURUSD traded in a range between 1.3698 and 1.4152

Discussion in 'Technical Analysis' started by ForexCycle.com, Oct 25, 2010.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

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    EURUSD traded in a range between 1.3698 and 1.4152. Initial support is at 1.3860, as long as this level holds, another rise towards 1.4152 key resistance is expected later today, a break above this level could indicate that the uptrend from 1.2587 (Aug 24 low) has resumed, then further rise 1.4500 is possible. However, below 1.3860 will suggesting lengthier consolidation in the trading range is underway, then deeper decline towards 1.3698 could be seen.

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