EUR/USD: Marginal Breakout; USD/JPY; Wave-D Of A Triangle

The lack of a sustained downtrend in EUR/USD from December’s reversal shifted Nomura’s technical outlook towards the idea that another test (marginal breakout) of 1.39 could be likely. “Near-term resistance from the 2008 downtrend and wave-d triangle target surfaces at 1.3833. Ideally, another …

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EUR/USD: Marginal Breakout; USD/JPY; Wave-D Of A Triangle – Nomura

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