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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, Oct 16, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Analysis for October 16th, 2015 EURUSD, “Euro vs US Dollar” Eurodollar has completed the descending impulse with the target at 1.1375; the impulse is quite strong and may yet continue. We think, today, the price may fall towards 1.1315 and then return to 1.1400. After that, the instrument may continue falling to reach 1.1200. An alternative scenario suggests that the pair may form another ascending structure to reach new highs. GBPUSD, “Great Britain Pound vs US Dollar” Pound has finished the

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