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EUR/USD technical analysis set-up, targets

Discussion in 'Technical Analysis' started by ForexLive, Dec 2, 2015.

  1. ForexLive

    ForexLive Forum Member

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    eFX with the notes from the technical strategy teams at SocGen and Credit Suisse Some insights on EUR/USD setup and projected path in the near-term "After breaching the flag formation, EUR/USD is now closing in on March lows near 1.0550/1.05. More importantly this is the multi decadal upward channel support. Monthly RSI has retraced after testing a horizontal resistance which suggests there is a possibility of further downtrend towards monthly descending channel at 1.04. The ongoing correction is retracing the 2000-2008 up move however

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