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Technical Analysis
Daily Technical Analysis by FxGrow
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[QUOTE="FxGrow Support, post: 100215, member: 34135"] [B][SIZE="4"]FxGrow Daily Technical Analysis – 13th April, 2016[/SIZE][/B] [I]By FxGrow Research & Analysis Team[/I] [B][SIZE="5"]EURUSD failed its second daily bullish breakout [/SIZE][/B] The EURUSD is trading back at the pivot range as it failed another breakout after it cuts the resistance level 1.1455. The EURUSD will see a reversal move as it breaks the strong support level 1.1360 creating a bearish leg near 1.1320 and 1.1285 next support levels. However, the EURUSD is trying to push upward to stay in the range between 1.1400 and 1.1500, but the pair needs a push above 1.1475 in order to support the upward movement of the trend to reach 1.1525, 1.1555 and 1.1580 respectively. [IMG]http://i1148.photobucket.com/albums/o568/onestore40/EURUS_ek_zpsk61eg1yb.png[/IMG] [I][SIZE="1"][B]Note:[/B] This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.[/SIZE][/I] [/QUOTE]
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