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Aussie consolidates after strong rally; n/t focus is turning higher

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 12, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EURUSD The Euro continues to trade within three-day 1.0673/1.0788 range, in consolidation mode, following recent weakness. Fresh attempts lower, on completion of consolidative phase are expected, as overall structure remains firmly bearish. Consolidation was so far capped under psychological 1.08 barrier, former breakpoint, guarding strong resistance zone at 1.0844/63, formed by falling daily 10SMA /Tenkan-sen line, where extended rallies should be capped. Immediate targets lay at 1.0664/58,

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