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rauan
Dec 3, 2015 8:39 PM

EURUSD how to stop the train? Short

EURO / U.S. DOLLARICE

Description

After having series of catching knives earlier today it's expected to go on with a try to stop moving train.
EURUSD has broken 1.0670, 1.0720, 1.0810, 1.0890 resistance levels and tested 1.0980, projected from ascending trendline from Mar 2015. Above it there's a static level 1.1015.
Following resistance area is only at 1.1080\1.1100.
Likely scenario is EURUSD decline to 1.0890 zone before closing above 1.1015.

Trade closed: target reached

Order closed at target 1.0890.
Comments
sunnip
great call and analysis - thanks!
result is a bonus
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