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Weekly Overview on Majors' Price Action

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 14, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EURUSD – Pennant Price Pattern Last week the price of EURUSD has tried to break the resistance are from 1.1000 several times. On Thursday, when the volatility was at its highest point EURUSD bounced once more from the resistance area, retested the support from 1.0830. During the ECB’s press conference the price bounced from 1.0830 and had an incredible rally, hitting a high at 1.1217. Currently the price of EURUSD has drawn a Pennant. In most of the cases, this patterns signals a continuation

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