Dailyfx | Nov 11, 2014 12:15AM ET
Talking Points
EUR/USD ’s retreat from the 1.2500 barrier has left a Piercing Line pattern lacking confirmation. Alongside the presence of a short-term downtrend the pair may be set to revisit the recent lows near 1.2360. Beneath which would put the August 2012 low at 1.2250 in sight. A close above 1.2500 would be required to negate a short-term bearish technical bias.
EUR/USD: Piercing Line Pattern Fails To Find Confirmation
Euro may be in line for a further slide towards intraday support near 1.2365.
EUR/USD: Doji Signaled Indecision At 1.2490
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