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Thread: Discuss EUR/USD News with a DailyFX Analyst
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  #12908 (permalink)  
Old 02-24-2009, 02:09 PM
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EURUSD 240 minute chart

Price has broken through Ichimoku resistance at 1,286 and appears to be moving higher.. It has also pierced the Ichimoku cloud which had caused resistance and held the price down. That resistance line may bring price back down, we will have to see where this bar closes before knowing if a bull signal

I have found it handy to use Ichimoku for support and resistance based on the 26 bar average of the chikou sen.

Another indication of uptrend in this time frame is that price is well above Chikou sen
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