Loonie hits fresh 12-year low vs greenback; psychological 1.50 barrier comes in s/t focus

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 15, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EURUSD The Euro remains congested between 1.08 and 1.0967, following yesterday’s upside failure at 1.0941 that left another long-legged daily candle which indicates directionless mode. Overall structure is bearishly aligned, as 30SMA at 1.0900 so far caps and several attempts above bear-channel resistance, were so far unsuccessful. Rejection tops at 1.0941/67, mark pivotal barriers and only sustained break above, would firm the tone for extension towards next key barrier at 1.1006, daily

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