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FxWirePro- Major European Indices

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FxWirePro:EUR/USD faces strong resistance at 1.09550, good to buy on dips

Thursday, October 27, 2016 9:53 AM UTC

Major Resistance- 1.09550 (support turned into resistance)
Major support - 1.08500
EUR/USD pared its gains yesterday after jumping till 1.09458 level. The pair declined till 1.08920 and slightly recovered from that level.
It should break above 1.09550 for further upside. Any break above 1.09550 will take the pair to next level till 1.1000/1.0392 (Oct 20th high).
On the lower side, any break below 1.0850 will drag the pair to next immediate support at 1.0820/1.0770.

It is good to buy on dips around 1.08750 with SL around 1.0850 for the TP of 1.0950/1.100

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FxWirePro:EUR/USD faces strong resistance at 1.09550, good to buy on dips

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