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Cable - scope exists for attack at pivotal 1.4510 barrier

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 2, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EURUSD The Euro returned back into daily Ichimoku cloud, on extended recovery that commenced from 1.08 zone, lows hit on Friday’s sharp fall and retested yesterday. Daily chart shows range-trading, with flat daily indicators, holding in neutrality zone. Setup of daily MA’s turned into mixed mode, on fresh rally that returned above 20 and 30SMA’s. Daily 30SMA now offers immediate support, which so far contained daily action at 1.0880. Near-term technicals regained bullish tone and favor further

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