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Jnwsk
Aug 14, 2016 9:31 AM

EURUSD Analysis Week of August 14, 2016 Short

Euro Fx/U.S. DollarFXCM

Description

On the daily chart, there is a nice falling wedge which is forming. May seem not ready to execute so price is bearish with resistance as confluence.

On the 4H chart, there is a nice ABC formation in form of a symmetrical triangle. Price may very well reach the support this week.
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