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EUR/USD pending breakout to new monthly high
Last Friday the EUR/USD broke out to a monthly high and advanced as much as 465 pips. However, so far in this week’s trading, prices have failed to breakout to a higher high. As prices continue to consolidate under the December high at 1.0981, traders looking for a continuation of this bullish trend may begin planning for a breakout above this point. In the event the EUR/USD trades to a new high, ATR can then be used to measure potential take profit points. Currently, daily ATR measures 103 pips. Using 2x daily ATR, initial targets for the EUR/USD would be located at 1.1187. While traders looking for a 4x ATR ... (full story)
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- Dec 9, 2015 2:33pm Dec 9, 2015 2:33pm
- pumuckel
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- anton.olff
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"The market can remain irrational longer than you can remain solvent"
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- David.Cobb
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- Rtm
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All posts are my personal opinion
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- Grsmith86
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