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EURUSD making new session lows..Rebounds

Discussion in 'Technical Analysis' started by ForexLive, Jan 12, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Targets the 1.0808 retracement. If the buying dries up on this correction and the downside probe continues, the next target comes in at 1.08088 which is the 61.8% of the move up from the Jan 5 low. There is other support against the 1.0800 level and then 1.0788 (Corrective low after ECB decision back in early December). Last week, the price fell below this floor area but could not sustain downside momentum.

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