Friday December 29, 2017 - 13:48:16 GMT
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Will EURUSD Crack the Pivotal 1.20 Level?
EURUSD momentum buiding to the upside with Amazing Trader ladders pointing up across multiple time frames. Obvious pivotal level is 1.20 as that will set the tone going forwards with resistance lying above it at 1.2004 and 1.2034 ahead of the major 1.2092 level.
Note: The dollar has fallen across the board in thin end of year trading so be wary if it continues to start the year as the first week of a new year ofteb sees fkse starts abd whipsaws, With that said, let;s look at what Amazing Trader xharts show:
One hour ladder:
Latest ladder started at 1.1936 so the level that need to hold along with 1.1923 to keep it intact.
Amazing Trader resistance: 1.2004 - 1.2034 - 1.2092. Latest AT ladder rung started at 1.1816 with no corrections and the current AT ladder started at 1.1713. Breakout levels were at 1.1940 and 1,1961, the zone that needs to hold as support to keep 1.20 on the radar.
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