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tscwee
Jan 5, 2017 11:55 PM

EURUSD needs to retrace before Bull-action takes place Short

Euro Fx/U.S. DollarFXCM

Description

EURUSD is touching resistance 1.061 for the second time. A retrace is needed before it can bulls take over.
Only question is which support will it touch? - Perhaps safer at Potential Support #1

Comment

It temporarily broke resistance at 1.06101/1.06200, and then came down below the support at 1.05734.

The day was consolidating to be bearish, but expected to see a bull early next week.
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