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USDCAD consolidates after posting strongest weekly gains since January

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 14, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EURUSD The Euro eased below 1.10 handle, where daily Ichimoku cloud base lies, following the third consecutive failure at 200SMA at 1.1030. Near-term price action remains capped by descending daily cloud and currently holds within 1.0923/1.1030 congestion. Daily slow Stochastic is reversing from overbought territory and suggests further easing, however, bullishly aligned daily studies that still keep upside in focus, favor limited dips. Rising daily 10SMA, currently at 1.0868, is expected to

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