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EUR/USD Pullback Possible From The 1.1086 Level

By FOREX IN WORLDForexSep 06, 2019 06:22AM ET
www.investing.com/analysis/eurusd-pullback-possible-from-the-11086-level-200462235
EUR/USD Pullback Possible From The 1.1086 Level
By FOREX IN WORLD   |  Sep 06, 2019 06:22AM ET
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The euro has pulled backed from a fresh monthly trading high against the US dollar after the pair found strong resistance from the 1.1086 level. Buyers need to move price above the 1.1160 level to force a major short-term technical breakout in the EUR/USD pair. Any near-term technical corrections in the EUR/USD pair could easily extend back towards the 1.0940 support level.

The EUR/USD pair is only bearish while trading below the 1.1000 level, key support is found at the 1.0980 and 1.0940 levels.

The EUR/USD pair is bullish while trading above the 1.1000 level, key resistance is found at the 1.1186 and 1.1130 levels.

EUR/USD Pullback Possible From The 1.1086 Level
 

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EUR/USD Pullback Possible From The 1.1086 Level

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