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Euro / U.S. Dollar

EURUSD reaches convergence zone

By alexlqi
Updated
As the price reaches EMA 50 and resistance, it's interesting to see what would happen next! I mean, that was a very straight spear heading up.
Comment
Price went thru the convergence zone, now trying to reach resistance level of 1.235 for closing this week at that level. Elections in Italy may produce a lot of turbulence with all the Euro pairs, so best thing to do is close all Euro positions and retake them at market opening.
Trend Analysis

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