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Add as a preferred source on Google FxWirePro:EUR/USD faces strong support at 1.03400, good to sell on rallies Major resistance – 1.0504 (21- day EMA). Major support – 1.03400 EURUSD recovers once gain from the low of 1.03407 and broken the 1.04000 handle. It is currently trading around 1.04430. The pair should break above 1.0504…
By FxWirePro Team Jan 4, 2017, 10:02 AM UTC
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Major resistance – 1.0504 (21- day EMA).
Major support – 1.03400
EURUSD recovers once gain from the low of 1.03407 and broken the 1.04000 handle. It is currently trading around 1.04430.
The pair should break above 1.0504 for further jump till 1.05600/1.0600.Minor trend reversal only above 1.06700.
On the lower side, any break below 1.03800 will drag the pair down till 1.03400/1.02600/1.0150 (161.8% retracement of 1.03522 and 1.06530).It is good to sell on rallies around 1.05000 with SL around 1.05600 for the TP of 1.03500
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