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EURUSD Daily Analysis 31 December 2015 | December 31, 2015



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Eurusd is ranging within a range between 1.0900-1.0945. Traders can look for breakout of this ranging area. We should wait for clear breakout to get new trend for short time.


If it can break on 1.0900 lower zone, then it can fall more and target will be 1.0830 area.


If it can break on the upper side then it may start upward rally again. Next target for this pair will be 1.1010. So it is needed to stay on safe side before clear breakout. It is recommended to take entry after breakout of ranging zone.


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