EURUSD heading for major resistance

EURUSD is approaching major long term resistance now. The weekly 50% Fibonacci target of 1.3491. This also happens to coincide with last year’s high of 1.3487 and we have the 200 week moving average just above at 1.3529. If attempting shorts here we would use a stop above 1.3580.

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EURUSD heading for major resistance

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