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EURUSD Technical Analysis – Intra-Day Update – July 17th
The EUR/USD pair continues to trade within the 1.3000 – 1.3200 consolidation range, as can be seen on the (fig 1) intra-day chart below. The area around the 1.3000 round number remains as a key technical point of interest as this is likewise aligned with the D1 200 SMA. Price has once again tested the 61.8% Fib around 1.3160 but the EURUSD pair has not yet seen a close and continuation above this technical level on the hour 4 timeframe or higher. A sustained breakout of this range is needed inorder to gain a directional bias.
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- Jul 17, 2013 3:42am Jul 17, 2013 3:42am
- cppolybd
- | Joined May 2012 | Status: Member | 800 Comments
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- Jul 17, 2013 10:59am Jul 17, 2013 10:59am
- skenobi
- Joined Oct 2007 | Status: Former institutional dogsbody | 183 Comments
I'm not trying to convince anyone. I'm not in the "convincing" business.