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BlueberryMarkets
Oct 18, 2018 11:37 AM

EURUSD DOUBLE TOP NECKLINE IN PLAY Short

Euro Fx/U.S. DollarFXCM

Description

As we know from the FOMC meeting minutes this week, the FEDs plans to hike rates are still on track and that will likely fuel the continued strength in the USD. Looking to the most traded market the EURUSD we found resistance up at the 1.1600-1.1640 zone and the 4hr has completed a double top pattern. Looking for the neckline to be used as resistance for continuation lower in this pair.
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