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Euro Head and Shoulders Pattern could Erase Gains

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 22, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Volatility in the EURUSD pair certainly increased as the US Federal Reserve announced the first rate hike in 9 years, but volatility was perhaps slightly more muted than expected. The 1.08 level has become crucial for this pair, and a break below will confirm the formation of a head and shoulders pattern. The US Federal Reserve raised interest rates for the first time in 9 years as expected last week, by 25 basis points. Trading volumes were heavy on the result which led to a lift in

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