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Cable - fresh strength approaches near-term congestion top

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EURUSD The Euro pulls back from yesterday’s fresh high at 1.1374, with daily close above 1.13 support, maintaining bullish sentiment, as the pair cracked important 1.1350 barrier, 22 Oct 2015 high. However, long upper shadow of yesterday’s daily candle suggests hesitation ahead of another significant resistance zone, which lies between 1.14 and 1.15, with the latter marking key barrier. Structure of near-term technicals is weakening and suggests further easing. Daily Slow Stochastic is

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