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EURUSD Weekly Analysis - April 24, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 24 April 2016 07:37 UTC
EURUSD is facing 1.1100 support, as long as this level holds, the fall from 1.1464 could be treated as consolidation of the uptrend from 1.0822, another rise towards 1.2000 could be expected after consolidation. On the downside, a breakdown below 1.1100 support will indicate that lengthier consolidation for the uptrend from 1.0517 is underway, then the pair will find support on the upward trend line on daily chart.

eurusd chart

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