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EUR/USD in Correction After Inverted H&S Pattern Breakout
The EUR/USD is stalling after break above an inverted head and shoulders patter during the 3/26 US trading session. The 4H chart shows the neckline at 1.3285. The market rallied until a previous pivot zone between 1.3360 and 1.3385. This area provided resistance and the 3/27 US session is seeing some correction. There is still some further upside toward 1.3450-1.3480 resistance area, and a breakout projection does point toward 1.3570. Let’s see how this current throwback can still confirm further upside. Looking at the 1H chart, we can establish a support zone the pair should stay above to maintain the bullish ... (full story)
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- Mar 27, 2012 3:51pm Mar 27, 2012 3:51pm
- buttonhead
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- noob_ss
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- Mar 27, 2012 6:26pm Mar 27, 2012 6:26pm
- Gaara
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