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Today's Market Outlook

Discussion in 'Technical Analysis' started by Kaitlin, May 6, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Near-term technicals remain weak, as the Euro ended yesterday's trading in long red candle. The price dipped to fresh correction low at 1.1384, where rising daily 10SMA offered temporary support for three-day weakness. However, yesterday's close below 1.1414 (50% retracement of 1.1213/1.1614 upleg), generated bearish signal, with slide below 1.1484[​IMG]

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