EURUSD Price Action – Key Resistance Up Next | Apr 2

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EURUSD – Breaks ST Role Reversal Level (4hr chart)
After holding 1 day below the ST 1.08 role reversal level, the Euro gained strongly today, closing just below 1.09. This puts the focus back onto the 1.1025+ FOMC spike highs, so will look to sell pullbacks here.

Rejections at this key resistance level here should target 1.09 at a minimum and then 1.08. Only a daily close above here reduces the bearish risk.


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