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EURUSD Extends Correction Above 1.1000 Before Bears Resume

Discussion in 'Technical Analysis' started by Kaitlin, Oct 18, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The Euro probes above 1.1000 barrier on extension of recovery from fresh low at 1.0962, posted on Monday. The move is seen as correction ahead of final attack at key 1.0950 support (25 July low), with firm bearish setup of daily studies (multiple Death-Crosses formed by daily 10,20,30 SMA’s break below 200SMA) supporting scenario.[​IMG]

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