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EURUSD Weekly Technical Outlook (17-21 August, 2015) | August 15, 2015



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After some bullish movement eurusd has found resistance on 1.1200 area. On that resistance level, this pair has rejected and started falling again. Now this pair is facing some bearish pressure which can give more fall on this pair.


Sellers are active now on this pair. It can fall more if it can break 1.1080 area. This level is acting as little support for this pair.


Traders should stay on sell mode below the resistance area. As this pair is still on downtrend on higher time frame, we should find sell entry on this pair.


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