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EURUSD possible technical target overshoot

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 16, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The EURUSD is very bearish. Technically we can spot bear flag on H4 time frame and as I have shown in my last EURUSD analysis and Session Recap webinars 1.0835 was the place to go short. The last rejection from POC was good for 150+ pips and we can still pinpoint 1.0835 as POC for shorting into rallies. We can spot a confluence of historical sellers, H3 , bear flag top. Above there is a cluster of resistance (flagpole, EMA , H5 at 1.0900 zone ) and MACD is having bearish momentum too. That all

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