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EURUSD - Recovery Looks For Extension Above Kijun-Sen Barrier For Further Extension

Discussion in 'Technical Analysis' started by Kaitlin, Sep 22, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The Euro trades in a strong recovery from 1.1122 support for the second day, after downside attempts were contained at strong 1.1122 support (former low of 31 Aug). False break below daily cloud formed Bear-trap pattern that fuelled strong bullish acceleration through 1.1200 (daily Tenkan-sen) that was so far capped[​IMG]

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