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Daily Forex Chart Art - Dec. 9, 2015

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 9, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EUR/JPY: 4-hour Not into buying the euro these days? Here’s a short trade for ya. EUR/JPY is hesitating around the 133.80 levels, which is understandable if you zoom out to the 4-hour time frame. You see, the area is near a falling channel resistance that has been playing out since mid-July. A successful bounce from the resistance opens up a move all the way down to the 129.50 levels. Then again, we could also be looking at a bullish pennant in the making. You could wait for a couple more

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