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EURUSD at correction highs, ahead of US jobs data

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EURUSD The Euro regained traction and bounced strongly yesterday, leaving long bullish daily candle. Bounce comes after double-Doji, which signaled hesitation at strong daily Ichimoku cloud that temporarily stopped downtrend from 1.1374 (11 Feb peak). The rally peaked at 1.0971 (Fibonacci 61.8% of 1.1065/1.0823 downleg), which was retested today, but without clear break higher so far. Bearish setup of daily MA’s is dented and further recovery could be anticipated, as daily Slow Stochastic

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