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EURUSD Returns Into Daily Cloud After Repeated Downside Rejection, Overall Picture Is...

Discussion in 'Technical Analysis' started by Kaitlin, Oct 10, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The Euro failed again at the downside, after Friday's extended weakness below strong supports at 1.1167 (daily cloud base/200SMA) and 1.1122 base, stalled at 1.1103. Subsequent quick recovery returned back into daily cloud, base of which (reinforced by 200SMA) now offers initial support and so far contains downside attempts.[​IMG]

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