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  1. EUR/USD monthly ranging bearish; GBP/USD weekly bearish breakdown; USD/JPY weekly correction

    by , 01-17-2016 at 05:38 PM
    EUR/USD
    Monthly


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    "EUR/USD has been holding its long term trendline support since March 2015 (even the January low is right on the line). November and December trade produced a tweezer bottom (reversal candlestick pattern…bullish in this case) as well. 2 scenarios seem most likely from the current juncture; a continued range (with roughly 1.15 resistance) or a bullish base that leads to an eventual breakout into the 1.20s. Both point ...
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