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EURUSD - extended consolidation ahead of fresh weakness; focus on Draghi, Friday's EU GDP

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 11, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EURUSD The Euro reversed and closed above 1.07 handle yesterday, following probe below that was contained ticks away from initial targets at 1.0664/58. Overall structure remains bearish, while near-term technicals are mixed. This suggests prolonged consolidation in the near-term. Initial range has been established between 1.0660, initial target and 1.0800, hourly Ichimoku cloud top, with price action expected to hold within this span. Falling daily 10SMA and Tenkan-sen line, offer next solid

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