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CryptoPAMM
Mar 2, 2015 8:52 AM

EURUSD SUPPORT NEAR HIT Short

Euro Fx/U.S. DollarFXCM

Description

Although the EURUSD was quite near the strong support level at 1.1142, it failed to touch this level, suggesting that pair remains weak with some further potential to decline, at least for the short while. At the support level (if hit) we'll need to see whether holding or not. On the other hand, breakout above R1 should switch the ranging mode on.
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