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Aussie establishes above 0.73 barrier after break above 200SMA

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 3, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EURUSD The Euro remains within narrow consolidation range, holding around daily cloud top at 1.0865, where it closed for the past two days. Double–Doji confirms strong indecision, as larger descend was temporarily stopped by daily Ichimoku cloud, spanned between 1.0788 and 1.0865. However, daily structure remains firmly bearish and favors further downside, which requires break through daily cloud base, to resume bears towards key short-term support at 1.0709. Near-term technicals are generally

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