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EURUSD: Can it Break 1.14500?


Daily Time Frame: Starting on the higher time frame we can see price is testing 1.14500 key monthly psychological zone with signs of rejection in the past.

 

4hr Time Frame: Scaling down we can see price is reacting to this strong resistance zone. If price manages to close below and hold look for potential shorts to 1.11700 weekly support. However, if price manages to break and close above then we must reevaluate price action. Due to the uncertainty of market fluidity, risk management is highly recommended.

 

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