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Thursday, 4 February 2016

EUR/USD Spike: Where will it find Resistance?

In my last Euro  post I displayed a 23 year chart and justified my 2016 Projected Upslope.
Today I zoom in on the current spike. I draw a speculative Resistance Line parrallel to the Current Support Line. If the graph repeats the pattern of December's spike, there may be a gradual rather than a sudden drop back to, and no further than, the Current Support Line.

1 comment:

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