eurusd-forecast-for-the-week-of-november-18-2013-technical-analysis

eurusd-forecast-for-the-week-of-november-18-2013-technical-analysis

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The EUR/USD pair rose all the way to the 1.35 level over the course of the week, but as you can see stopped right there. We find that interesting considering that it is such a significant resistance area, and as a result have to wait to see what next week’s candle produces. We believe this is an area where sellers will step back into the marketplace though, and as a result we are in a way to the weekly close in order to make any type of potential longer-term trade.

 

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eurusd-forecast-for-the-week-of-november-18-2013-technical-analysis

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