EUR/USD: Negative Candle On The Weekly Chart
Jason Sen | Sep 04, 2017 03:34AM ET
EUR/USD NEGATIVE CANDLE ON THE WEEKLY CHART NOW WARNS OF FURTHER PROFIT TAKING THIS WEEK. Holding below first resistance at 1.1920/10 targets support at 1.1825/15 but this has much less strength than it did last week. Be aware that a break lower targets 1.1750/45 before an excellent buying opportunity at 1.1670/60.
First resistance at 1.1910/15 is minor but above here targets 1.1945, perhaps as far as 1.1975/80. If we continue higher look for 1.2010/20. Watch for sellers again at the high at 1.2065/69. If we continue higher however look for 1.2090/99.
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