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EUR/USD – Heads up on 1.0520s for Support

EUR/USD – Heads up on 1.0520s for Support

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

Traits of Successful Traders

-Recent updates have noted that “1.0820/50 is viewed as the dividing line between bull and bear (just as it was in 2016…and most of 2015). The spot to know (for support) is 1.0520/30 (December 2015 low and 61.8% retrace of January rally.)” EUR/USD is nearing the ‘spot to know’ so heads up on formation of a low over the next few days.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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