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Forex technical analysis: EURUSD extends the tiny trading range....

Discussion in 'Technical Analysis' started by ForexLive, Mar 28, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Got that going for us. Was 20 pips. Now up to 31 pips The EURUSD has moved higher - as the dollar has retreated - and in the process has broken above a symmetrical triangle on the hourly chart at the 1.1172 level (now support). The 100 hour MA (blue line in the chart below) has also been breached. Will the move be faded (in which case look for a fall back below the broken trend line as a clue) or will there be a further gain higher.

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