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#1 27-03-2017 12:21:56

johnedward
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From: Paris - France
Registered: 21-12-2009
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EUR/USD: it appears that a large floor is forming, with targets in ...

EUR/USD: it appears that a large floor is forming, with targets in sight near November's peak (Credit Suisse)


http://www.forex-central.net/forum/userimages/creditsuisse.jpg


A break of EUR/USD above 1.0874/82 would trigger a potentially significant structural change, with 1.0979 as the next objective according to Credit Suisse:

"EUR/USD turned upward on Friday and the subsequent force left the pair above the main resistance level at 1.0821/29 - a group of retracement levels including the 38.2% retracement of the decline since the month of May last year and February's peak. Above, it appears that a lare base is forming to target the November peak and the bearish 200-day moving average at 1.0874/82. A break of this level would mean a potentially significant structural change, with an initial target at 1.0979.

The support level is moving to 1.0827 initially, with 1.0791 expected to hold to maintain the immediate upward risk. A break below 1.0760 would be required to signal a small peak."


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

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