to trade and code, keep both simple... no call to impress....h
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Eur/usd one-day drop reactives reversal pattern - MIG Bank
EUR/USD’s one-day drop beneath key level at 1.3460 has reactivated the currency’s multi-month reversal pattern. This was also weighed down by a recent DeMark™ exhaustion signal. • Only a sustained daily close back above 1.3460 unlocks an extended recovery into our upside target zone at 1.3593 (200-day average). • Meanwhile, the bears need to close decisively below 1.3140, then 1.3000 (psychological support), in order to activate an important multi-month reversal pattern into 1.2630 (16 Jan swing low). • Inversely, the USD Index has rebounded sharply from key support at 78.66/10 (04 March low/TD Level) ... (full story)