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EURUSD Consolidates Under Broken 1.1000 Handle, Further Downside Favored

Discussion in 'Technical Analysis' started by Kaitlin, Jul 25, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The Euro remains under pressure and consolidates under psychological 1.1000 barrier, following last Friday’s/weekly close in red and below 1.1000 handle. Near-term price action found temporary support at 1.0950 (Friday’s low weekly cloud base), which marks good support, together with 1.0937 (Fibo 61.8% of larger 1.0519/1.1614 ascend) en-route towards[​IMG]

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