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EURUSD Returns Above Daily Cloud After Repeated Downside Rejection

Discussion in 'Technical Analysis' started by Kaitlin, Oct 5, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The Euro is holding above 1.1200 support zone where daily Ichimoku cloud top lies, after yesterday's repeated downside failure that stalled at 1.1138 and sharp recovery that signaled another false break below daily cloud. Yesterday's long-tailed daily candle signaled that the pair remains supported, with daily cloud and bull-trendline from[​IMG]

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