The pair continues growing and we can suppose that a bullish impetus is developing with the third wave iii of 5 developing within. If this assumption is correct, the pair will go on growing to a level of 124.50. The level of 120.66 is critical in this scenario as the breakout will enable the pair to continue declining to the levels 119.00– 118.00.
Buy above a level of 121.77 with a target at 124.50.
Breakout and consolidation below the level of 120.66 will allow the pair to continue declining to the levels 119.00–118.00.
September 30, 2016 Euro continues to trade sideways inside a 100pips range
Looking at the hourly chart, the pair still fighting to overtake 1.1235 barrier, which is considered as the near-term resistance for the single currency...
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September 28, 2016 US presidential debate moves unwind
The market’s initial response to the US presidential election debate overnight was a clear sigh of relief. The Mexican Peso, which had hit a record low against the dollar just the day before, surged higher, as too did the Canadian dollar...
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