Indicador para la representación del gráfico "Renko" En los artículos Indicador para la representación del gráfico "Cruces - Círculos" e Indicador para la representación del gráfico "Kagi" se vieron
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Drilling down to examine intraday price action, a Dark Cloud Cover pattern also offers a noteworthy warning of further declines. The signal has received confirmation from a successive down period, and similar to the daily, suggests a potential move to support at 1.3800/05.
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The Euro bears have regained their grip on prices in recent trading, which follows on from a Doji candlestick that signaled some indecision amongst traders near 1.3900. While the pair has found some reprieve from further declines near the 1.3800 handle, signs of a bullish reversal are absent at this stage, which casts doubt over the potential for a bounce.
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EUR/USD has reversed course following a failure to crack the critical 1.3900 handle in recent trading. The pullback has prompted the formation of a Long-Legged Doji candlestick which is a sign of indecision by traders, and is often a precursor to a more significant move. In this case, the signal suggests a bearish bias with the possibility of a correction lower to support at 1.3800.