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Technical Analysis – EURUSD _ 11-03-2019

HomeTechnical AnalysisTechnical Analysis – EURUSD _ 11-03-2019
11
Mar
Technical Analysis – EURUSD _ 11-03-2019

The pair fell strongly to reach its third target of the downside scenario at 1.1235 last Thursday to resume trading higher on Friday in an attempt to test the 1.1215-1.1240 breached support area after receiving support from 1.1185 of 61.8% Fibonacci of the wave that started from the bottom of 01/01 / 2017 and ended at the top of 10/02/2018 … A daily close below 1.1180 might push the EUR further down towards 1.1100 as the first target and then psychological level 1.1000 as the second target.
A breach of 1.1290 resistance might push the price to test the bearish trend line shown on the chart at least 1.1380.

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