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The Currency Charts That Matter

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Cable bouncing butstill weak Cable has had a decentbounce this week from the lows just below 1.3850. It's still only just reachedthe 38.2% of the most recent swing though which shows just how far we've fallenrecently. Key area above for me is 1.4240-70 - it's the support from mid Februaryand also represents the 50%. This should represent a good short opportunity butif it does get through here the 61.8% will also coincide with a retest of therecent trend line break. These two areas

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