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EURUSD's upward movement extended to 1.3643

Discussion in 'Technical Analysis' started by ForexCycle.com, Jun 19, 2014.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

    Sep 1, 2008
    Likes Received:
    EURUSD's upward movement from 1.3512 extended to as high as 1.3643. Further rise to test 1.3676 resistance could be expected, a break above this level will conform that the downtrend from 1.3993 (May 8 high) had completed at 1.3502 already, then the next target would be at 1.3800 area. Support is at 1.3590, only break below this level will indicate that lengthier sideways movement in a range between 1.3502 and 1.3676 is underway, then another fall to test 1.3502 support could be seen.


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