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EURUSD Short-term Technical Outlook
Euro / U.S. Dollar
EURUSD Short-term Technical Outlook
By UnknownUnicorn261897
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Jan 9, 2017
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Jan 9, 2017
These technical outlooks are NOT trade ideas, they are simply technical analysis to give traders a DIRECTIONAL BIAS on the day.
Good evening traders!
Bias on this pair has shifted from upside to neutral after rejection at the 1.062 high.
Short-term resistance now at 1.0575, only a lift above will put sights back up to 1.062 high and a break of the latter will exposure further upside.
1.048 acts as key support to protect from the downside, only a sustained break below will expose further downside.
Above 1.048 risk is still to the upside so buying opportunities are still preferred.
Enjoy!
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