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EURUSD Cracked Strong 1.1122/08 Support Zone, Extended Weakness May Attempt At 1.1045/1. ...

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

  1. Kaitlin

    Kaitlin Forum Member

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    The Euro is in strong bearish mode for the second day, extending yesterday’s bearish acceleration that eventually closed below daily cloud base/200SMA that was marking strong support. Fresh weakness came after repeated long-legged Doji candles that signaled indecision, as near-term price action was unable to establish in clear direction.[​IMG]

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