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EURUSD Extends Pullback, Risk Of Further Downside On Violation Of 1.1247/42 Triggers

Discussion in 'Technical Analysis' started by Kaitlin, Aug 24, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The Euro is in red for the second day and returns below 1.1300 handle. Yesterday’s bearish daily candle with long upper shadow, signaled increased downside pressure, with today’s fresh extension lower, approaching initial support at 1.1269 (low of 22 Aug) and threatening of deeper correction.[​IMG]

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