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S&P 500 sat on the fence, USD/JPY time to go long? EUR/USD going lower

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 10, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Paul Wallace, Coach at Trading Beliefs, joined today’s Tip TV Finance show to discuss the outlook for EUR/USD, USD/JPY and the S&P 500. EUR/USD weekly chart The weekly charts suggest EUR/USD broke below the triangle formation, and continuing to hold below 1.08 will see a move towards 1.0460, according to Wallace. USD/JPY: Going long Wallace looks at the weekly charts for USD/JPY, and notes that having broken the previous consolidation to the upside, the pair is likely targeting a move

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