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#1 10-10-2017 11:14:04

johnedward
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From: Paris - France
Registered: 21-12-2009
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EUR/USD: reinforced risk of a euro rebound ahead of a bearish recovery

EUR/USD: reinforced risk of a euro rebound on the forex ahead of a bearish recovery (Lloyds Bank)


http://www.forex-central.net/forum/userimages/Lloyds-bank-logo.png


Lloyds Bank notes that EUR/USD rebound risks on the forex are strengthening ahead of a bearish recovery.

"The EUR/USD is trying to push above the resistance level at 1.1770, reinforcing the feeling that a stronger correction may develop.

1.1825/1.1865 is the next resistance area, with the more significant 1.1930/1.2000 area right above.

We continue to believe that once this correction is complete, a sharp fall towards 1.1500 should follow, within the formation of a medium-term range."


"Anything worth having is worth going for - all the way." - J.R. Ewing

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