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EUR/TRY 4H Chart: Channel Down

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 30, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    GBP/AUD 4H Chart: Channel Up Comment: Two weeks ago GBP/AUD bottomed out near the August low, and since then the currency pair has been forming a bullish channel. One of the major resistances, namely the 200-period SMA, has already been broken, which strengthens the case for a further rally. In the near term, however, we are likely to see a downward correction, but the decline should be limited by the rising support line at 2.1270/40. As for the next month’s target, this is considered to be a

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