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FX Analysis and Technical Outlook

Discussion in 'Technical Analysis' started by Kaitlin, May 28, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    As a result of forces combining to pressure EUR/USD lately, the currency pair has been in a sharp decline since it hit a new 8-month high at 1.1615 in early May. That high was established with a conspicuous "shooting star" reversal candle at the underside of a key uptrend line,[​IMG]

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