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USDJPY: The strength of the market faded.
Posted On 24 Dec 2014
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EURUSD | H4 | ||
Resistance | 1.2223 | 1.2274 | 1.2303 |
Support | 1.2142 | 1.2112 | 1.2061 |
Primary Scenario | EURUSD is trading narrowly below the daily pivot at 1.2193. Further decrease of the rate, will expose the pair to deeper levels down to the support at 1.2142 and even lower at 1.2112. | ||
Alternative Scenario | An upward wave could lead the market above the daily pivot, to reach the resistance level at 1.2223. RSI oscillator supports this scenario. |
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