EUR/USD: (1.4104) Above Triangle pattern, but at apex (see graph) |
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Daily Long Term Moving Average↑ (1.39551 today) managed to act as Support in recent downmove, with pair above Triangle pattern, but at apex (see graph). Support area at 1.4077/ .4071 (break-up hourly/ reaction low hourly), with next levels at 1.4034 (daily Short Term Moving Average↑), ahead of 1.4008/ .3996 (daily envelope bottom/ daily Bollinger midline) and 1.3964/ .3954 (daily Medium Term Moving Average→/ see above), where pause favored. If wrong, next levels at 1.3889/ .3888 (reaction lows
Filed under: Technical
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