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EURUSD - N/T Action Capped By Daily Cloud Top, Downside Remains Vulnerable

Discussion in 'Technical Analysis' started by Kaitlin, Sep 6, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The Euro retested yesterday's low at 1.1138, reinforced by 55SMA, which holds downside attempts for now, guarding breakpoints at 1.1126/22 (200SMA/31 Aug correction low). Monday's repeated close in red and another candle with long upper shadow, signal persisting downside pressure, after Friday's spike to 1.1250 failed to sustain break above[​IMG]

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