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EUR/USD Forecast October 21, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 21 October 2015 06:00 UTC

The EUR/USD pair initially tried to rally during the course of the session on Tuesday, but turned back around and formed a bit of a neutral candle. Yes, the candle is shaped a bit like a shooting star, but there is more than enough support below to keep this market afloat in our opinion. Because of this, we are going to wait to see if we get a supportive candle below in order to start going long again, and as a result are on the sidelines at the moment. We believe that the uptrend line from the ascending triangle still defines the overall attitude of this market.

 

 

 

 

 

 

 

EUR/USD Forecast October 21, 2015, Technical Analysis

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