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EURUSD 4H (08.07.2014) Technical Analysis Training

FX:EURUSD   Euro / U.S. Dollar
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EURUSD 4H Diagram Technical Analysis shows the following:

The EURUSD has made a long term decline under the resistance red lines. The daily diagram is absolute neutral.
MACD is forcing bullish under the zero line and RSI gets 50.

We have no special candlestick pattern. The price is under the KUMO and the Kijun Sen (blue line) but it is above the Tenkan Sen (green line) too.

There is no special pattern. The fib from 1.35243 to 1.36364 shows a 0.764 level of resistance. It must breach the 1.3610 and stabilised above it in order to breach the Kijun Sen and move towards the KUMO ta 1 of fib (1.36364)

The pair is reacting under the KUMO and the Kijun Sen. The is no trend to take a clear position. Stay aside.

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