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NZDUSD T-89 pattern in progress

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 3, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Today we expect a huge volatility as we have ECB decision and press conference scheduled for 13:45 GMT. As I have stated many times regarding USD, there is a strength in USDx and there is a scope for EURUSD to proceed more down. However, due to the nature of ECB meeting today I advise to stay out of EURUSD as we should focus on currencies that are also trending and showing good patterns. NZDUSD has been trending nicely within the equidistant channel. We can spot T-89 pattern in progress. T-89

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