EUR/USD Analysis: Doji formed at key resistance, is it a warning sign for bulls?

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 9, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The EUR/USD pair witnessed another failed attempt to take out 200-DMA at 1.1048 on Tuesday. The spot rose to a high of 1.1058 only to surrender gains and end the day on a weak note at 1.1009 levels. The risk-off in the equities helped the EUR rally. EUR unlikely to find support on weak stocks A day ahead of the ECB meeting, the bulls are likely to stay on the sidelines. Hence, the common currency may struggle to rise even if the equity market risk aversion continues/worsens today. However, the

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