EUR/USD Support and Resistance
by Trader Rich
Support : 1.1700
Resistance : 38.2% fibonacci and downtrend line: 1.844
The Comments by the Fed yesterday lifted the EURO a bit in overnight trading but the downward trend has taken over once again.
Traders who usually exit their positions on Friday will probably do so today before the Thanksgiving holiday. Expect lighter than usual volume.
Next week will bring a plethera of economic reports…
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