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Morning technical analysis – 11 June 2014
EURUSD We’ve seen further selling in the euro this morning following quite a bearish couple of days. The pair has broken below the range that it was trading in before we saw the spike in volatility at the end of last week which suggests the bearish trend is still well and truly intact. That said, the 4-hour chart suggests we may be about to see a correction in the pair, with the latest completed candle forming a hammer and the current candle looking a little bullish. Should we see a close above the midpoint of the candle that came before the doji, so above 1.3539, we would be left with a morning star formation, a ... (full story)