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Cable - hourly cloud base under pressure after limited upside action

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 10, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EURUSD The pair holds in narrow consolidation, which is so far capped by hourly Ichimoku cloud base and under 1.08 handle, former low and pivotal support, now reverted to initial resistance. Near-term structure remains weak and sees limited upside attempts, before overall bears take control. Break below psychological 1.07 support will be initial bearish signal for extension towards 1.0660, Apr lows and 1.0611, Fibonacci 261.8% expansion, with key 1.0461 support, Mar 2015 low, expected to come

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