USDCAD - extended bounce signals false break into daily cloud

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 5, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EURUSD The Euro eases below 1.12 handle, following choppy post NFP trading, which initially jumped to fresh 2016 high at 1.1243, but failed to hold gains. Dollar gained traction despite disappointing NFP data that came well below expectations, but still above breakpoint, which lies at 100K zone, as unemployment fell to eight-year low. However, the move could be described as corrective action, of larger bullish acceleration that commenced from 1.08 zone and peaked at 1.1243. Overall sentiment

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