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EUR/USD P&F count targets 1.0300

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 5, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    In a 0.0050x1 60-minute Point and Figure chart, and thanks to the descending column developed on the 22nd, we can establish an horizontal count targeting a new low of 1.0300. The potential to reach the 1.2100 target was finally eroded and traders are now more confident that serious inroads to the downside can be achieved. The EUR/USD has been showing a volatility of plus 16,000 pips since August, as measured in thresholds of 50 pips, an equivalent to a 150% performance path at current rates.

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