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08:45 (CET) - EurUsd: dollar can't consolidate
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On yesterday's daily candles chart, the pair had a large downwards candle, but ended the day giving hope to the bulls. The pair also hit a higher low, with the support around 1.486 dollars per euro. In the one hour candles, we can see how the pair found resistance at 1.4929, which coincides with the fibo 61.8% (marked from Wednesday's high to yesterday's low). Breaking the resistance will prompt the pair to try beating Wednesday's high, after breaking 1.4968. Below, if the dollar is strong at the resistance, it will send the pair breaking yesterday's low. The most significant supports that can make the price turn are 1.4886 and 1.486. Once broken, the March upwards trend by the large support at 1.481 / 34 will try to hold the greenback's pressure.
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