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Chart Of The Day: EUR/USD

Discussion in 'Technical Analysis' started by ActionForex.com, Jun 4, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    Within the context of the short-term downtrend on the EUR/USD hourly chart, as shown, price has formed an inverted flag formation. The downtrend is represented on the chart by the two red parallel lines, while the flag is outlined by the two yellow lines and the long red bar. As...

    complete article here...

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