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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, Feb 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Analysis for February 4th, 2016 EUR USD, “Euro vs US Dollar” Eurodollar has broken triangle pattern upwards, expanded the channel, and reached the target. We think, today the price may return to 1.0900 and then start forming another ascending structure with the target at 1.1300. The market is forming the fourth corectional wave. GBP USD, “Great Britain Pound vs US Dollar” Pound has almost reached the target of the correction. We think, today the price may fall to return to 1.4386. After that,

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