Cable-near-term focus at 1.4230, 2009 low

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EURUSD The Euro continues to trade between 1.08/1.0967congestion, after last Friday’s extended recovery rally stalled on approach to psychological 1.10 barrier. Subsequent strong pullback, which continued today, reversed the most of Friday’s rally, keeping intact pivotal daily cloud top resistance at 1.10 zone. However, hourly uptrend from 1.08, defined by bull-trendline, connecting 1.0800/33 lows, which also contained pullback from Friday’s rejection. Temporary support was found at 1.0872,

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