EURUSD fails again to break above congestion tops

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EURUSD The Euro keeps near-term focus at the upside, but renewed probe above near-term congestion top, did not result in sustained break again. The pair remains within 1.1325/1.1452 range, after seven consecutive long-legged daily candles, which confirmed indecision. However, technicals remain bullish, with strong bullish momentum, showed on fresh rise of daily Tenkan-sen line, which underpins bullish action just under 1.1400 handle and keeping dips-buying scenario favored for now Firmly

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