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Daily Forex Chart Art - Jan. 12, 2016

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EUR/GBP: Daily Last one up for today is one that my buddy Cyclopip is also looking at. EUR/GBP is lollygagging along the .7450 area, which has been serving as resistance since early last year. What’s more, a bearish divergence is popping up on the daily chart. Will EUR/GBP’s resistance hold? A short at current levels could get you a good reward-to-risk ratio if you aim for the previous lows. Just make sure that you have loose stop losses, aight? Currency crosses tend to be more volatile than

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