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EURUSD trades in a narrow range above 1.2659

Discussion in 'Technical Analysis' started by ForexCycle.com, Sep 9, 2010.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

    Sep 1, 2008
    Likes Received:
    EURUSD trades in a narrow range above 1.2659, a breakdown below this level will indicate that the downtrend from 1.2917 has resumed, then another fall towards 1.2587 previous low could be seen. Resistance is at 1.2765, a break above this level will suggest that a cycle bottom had been formed at 1.2659 on 4-hour chart, then further rally towards 1.2917 resistance could be expected to follow.


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