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Forex Technical Analysis: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, Gold

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 4, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Analysis for November 4th, 2015 EUR USD, “Euro vs US Dollar” Eurodollar has formed a continuation pattern close to 1.0976 and right now is moving to reach 1.0870, thus expanding the consolidation channel downwards. This channel may be considered as the center of the third wave. The local target is at 1.0505. GBP USD, “Great Britain Pound vs US Dollar” Pound has completed the first descending impulse and corrected it. We think, today, the price may continue moving downwards to reach 1.5311.

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