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Euro/Dollar Descending Triangle Pattern Weighs on Market

Discussion in 'Technical Analysis' started by ActionForex.com, Feb 16, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    Inability for the pair to close above 1.2940 last week seriously dampens any hopes for a legitimate recovery. The market has been trading with a heavy tone into the early week and a closer look at the daily chart shows the formation of a bearish descending triangle formation with the...

    complete article here...

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