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themarketzone
Aug 7, 2017 4:32 PM

Weekly Pinbar pattern confirms resistance near the 200 weeks MA  Short

Euro Fx/U.S. DollarFXCM

Description

For the last few weeks I've been talking about a weekly resistance zone in EURUSD - 1.17-1.19.
Last week, on Friday, EURUSD finally reacted to this price zone.
A weekly Pinbar and a potential weekly false breakout on a weekly time frame.
This can turn to be a weekly reversal pattern if we will see continuation move this week.

1.14-1.15 is the weekly target zone

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Comments
nightfoxFX
I agree
themarketzone
@nightfoxFX, Need some volume now... perhaps this Friday is the right timing
RuhailKhan
great
themarketzone
@RuhailKhan, Thanks... now I see :)
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