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AUDUSD - bulls eye 200SMA barrier at 0.7278

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 23, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EURUSD The Euro eventually broke strong 200SMA support and slid to psychological 1.1000 support, on yesterday’s bearish acceleration. Slower EU growth, Brexit fears and expectations of ECB’s next action, weigh on the single currency, which is also pressured by negative technicals. Yesterday’s fall that closed below 200SMA, failed to clear 30SMA, which was cracked and still acts as support. Overnight’s action was entrenched between 30 and 200SMA’s in narrow consolidation, with near-term focus

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