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EURUSD N 1 2 3 Bullish pattern forming at the bottom

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 15, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EURUSD has dropped from the highs after reaching the target as predicted in this article. After hitting resistance zone it could proceed above 1.1470 and it dropped towards 1.1220 support. At this point we can see a potential N 1 2 3 bullish pattern after a failed bottom at L3 support. Have in mind that the pattern has been forming within the bearish pennant so it might indicate a profit taking that happens on Fridays. Any breakout above 1.1290-95 zone could target 1.1320. First profit taking

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