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EURUSD Cracks Daily H&S Neckline, N/T Outlook Remains Negative

Discussion in 'Technical Analysis' started by Kaitlin, Apr 22, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The Euro remains under pressure in the near-term and extends weakness below 1.1300 handle, where the pair returned after yesterday's bumpy ride. The third consecutive upside rejection at 1.1400 zone, confirmed strong resistance area, with yesterday's red daily candle with very long upper shadow, signaling persisting downside pressure. The neckline[​IMG]

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