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EURUSD: Sees Price Extension On Bear Pressure, page-2

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16 Posts.

29/11/16

00:42

Post #: 20948702
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Originally posted by FXTechstrategy ↑

EURUSD: The pair weakened further the past week leaving risk lower in the new week. On the down, support lies at the 1.0550 level where a violation will aim at the 1.0500 level. A break of here will aim at the 1.0450 level. Its weekly RSI is bearish and pointing lower suggesting further weakness. Conversely, on the upside, resistance comes in at 1.0650 level with a cut through here opening the door for more upside towards the 1.0750 level. Further up, resistance lies at the 1.0800 level where a break will expose the 1.0850 level. All in all, EURUSD faces further downside pressure in the new week.

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Hey thanx for the write up, I traded the eur USD tonight, thought I'd share the thrill of it... sometimes I do loose

Price at posting: 0.9440 Sentiment: None Disclosure: Not Held
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