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EURUSD - Consolidation Of Tuesday's Strong Rally Expected To Precede Fresh Upside

Discussion in 'Technical Analysis' started by Kaitlin, Sep 7, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The Euro consolidates after Tuesday's strong rally that peaked at 1.1261 and marked over 50% retracement of 1.1365/1.1122 downleg. Today's action hit marginally higher high at 1.1264, before easing. Consolidation is so far holding within 1.1230 and 1.1264 range, with daily Tenkan-sen line containing dips for now.[​IMG]

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