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EURUSD - Consolidation Above Daily Cloud Top To Precede Fresh Weakness

Discussion in 'Technical Analysis' started by Kaitlin, Aug 29, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The Euro holds negative near-term sentiment following dollar-supportive comments from Fed. Friday's trading ended in long red candle, maintaining downside pressure, established on pullback from 1.1365 (18 Aug high). Also, weekly bearish close after two-weeks of gains, generates bearish signal. Today's fresh extension lower touched strong support at 1.1170 (daily[​IMG]

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