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EURUSD Technical Analysis (12-16 January 2015) | January 10, 2015
EURUSD has failed to break its support at 1.1750-1.1760 area. After NFP news released, it tested its support and pulled back from it. Then we saw rapid bullish momentum on this pair. We can see more bullish rally in the coming days and target will be 1.2000 level.
This pair broke 12000 physiological level with a gap. So this level will act as good resistance for this pair. We can sell from that level and for sell entry, target will be 1.1800 area.
Weekly Pivot, Support and Resistance
Resistance Two (R2): 1.2074
Resistance One (R1): 1.1957
Pivot Point: 1.1856
Support One (S1): 1.1739
Support Two (S2): 1.1638
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