EURUSD has been in a consolidation range since early 2015.
However, In december 2016 EURUSD manage to break the key area of support at 1.05178 but make a pull back to the upside.
2 possibility:
1. EURUSD make a fakeout to the downside and come back going upward to 1.100
2. If this week candle close below support level at 1.05178 we will see EURUSD falls lower to 1.00380
However, In december 2016 EURUSD manage to break the key area of support at 1.05178 but make a pull back to the upside.
2 possibility:
1. EURUSD make a fakeout to the downside and come back going upward to 1.100
2. If this week candle close below support level at 1.05178 we will see EURUSD falls lower to 1.00380
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.