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EURUSD - Near-Term Outlook Is Mixed As Bullish Sentiment Fades But Daily Cloud Still Supports

Discussion in 'Technical Analysis' started by Kaitlin, Sep 23, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The Euro consolidates at 1.1200 zone (daily Tenkan-sen line/Fibo 38.2% of two-day 1.1122/1.1256 recovery) where pullback from 1.256 peak found temporary footstep. Near-term outlook is mixed, as strong bullish signal from Bull-trap pattern that formed on a false break below daily cloud, was offset by negative signal from yesterday's daily[​IMG]

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