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Today's Market Outlook

Discussion in 'Technical Analysis' started by Kaitlin, Dec 11, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    Near-term price action comes under pressure and pulls back from 200SMA at 1.1029, which capped yesterday's repeated attempt higher. Yesterday's close in red, signals fresh downside pressure, as descending daily cloud, currently at 1.1080, continues to weigh. Also, daily slow Stochastic is reversing from overbought territory, which gives bearish signal.[​IMG]

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