EUR/USD 1H Chart: Channel Up

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 18, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    EUR/TRY 1H Chart: Channel Up Comment: EUR/TRY has recently broken through the supporting trend-line, but it has managed to preserve the upward momentum nevertheless. At the same time, a majority of the technical indicators are giving ‘buy’ signals, and the Euro is heavily oversold—72% of open positions are short, which increases the chance of the pair extending the rally from 3.1668 (started on the last day of 2015). Accordingly, the main target at the moment is the October 13 high at 3.38.

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