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December 6, 2011

EUR/USD – Congestion Triangle Nearing Apex

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The EUR/USD continues to twist and turn in consolidation which is developing into a large triangle. Note the recent inability of 1H RSI to tag 30 or 70 showing lost of momentum both ways. Price action reflects that as it drifts sideways around the 200 hour simple moving average. The triangle that... FF News: Technical

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