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Only USDJPY Offers Momentum While Other Currency Pairs Remain Choppy

Discussion in 'Technical Analysis' started by Kaitlin, May 11, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The EUR/USD is entrapped between support trend lines (green) and resistance (red). Price has reached a long-term support trend line (dark green), which is a bounce or break spot. A bullish breakout could indicate a completion of the ABC (blue), whereas a bearish breakout could indicate a continuation of the[​IMG]

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