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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

    Aug 29, 2015
    Likes Received:
    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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