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Euro Head And Shoulders Pattern Could Erase Gains

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Dec 22, 2015.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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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.[​IMG]

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