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FxWirePro:EUR/USD trades below trend line support, dip till 1.06579 likely

Thursday, January 26, 2017 10:24 AM UTC

Major resistance – 1.0815 (161.8%retraceemnt of 1.07196 and 1.05891).
EUR/USD has broken major trend line support at 1.07400 and closed slightly below that level in the hourly chart. It is currently trading around 1.07192.
On the lower side, any break below 1.0690 (200- HMA) will drag the pair down till 1.06579 (61.8% retracement of 1.05891 and 1.07730)/1.05891.
Potential reversal Zone is around 1.08015 and any break above will take the pair till 1.08735.

It is good to sell on rallies around 1.07300 with SL around 1.07800 for the TP of 1.06750/1.05890.

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FxWirePro:EUR/USD trades below trend line support, dip till 1.06579 likely

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