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EURUSD: Trying to break Ranging zone | January 12, 2017



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Eurusd was in a ranging zone between 1.0350 to 1.0660 since 14th December, 2016. This pair is now fighting with the upper level of this zone. If this resistance level can be broken, then we can observe some bullish movement on this pair. So we need to wait for closing daily candle. If we can get successful breakout, then we should go for buy again on this pair.
Buyers can stay on their buy entry on this pair. If any retrace can be seen, then we should take buy entry from near term support level. 1.0625 level is good zone from where we can look for long entry.


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