EUR/USD hinging on a technical conjunction

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 28, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The EUR/USD is hinging on a technical conjunction from a chartist point of view, usually associated with price gyrations or accelerations. The upward moving channel from the March low is now being abandoned on the lower side, with at least one daily closing below the supporting base line. The pair breaks thereby its September low lifting the USD index above its September high. Hint: some variants of USD indexation can serve here for confirmation purposes. The down move has been developing

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