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Daily Forex Chart Art - Dec. 3, 2015

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 3, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EUR/GBP: 4-hour Range traders huddle up! EUR/GBP bears have so far been unsuccessful in driving the pair below the .7000 mark. But will it translate to another bounce from the major psychological level? Stop losses below the support zone could get you a good reward-to-risk ratio if you aim for the previous highs near .7400. Just watch out for the 200 SMA and mid-channel lines that could attract some more euro bears!

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