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EUR/USD Anchored By December Downtrend

Discussion in 'Technical Analysis' started by Kaitlin, Jan 14, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    On Wednesday the most popular FX cross was testing the 1.08 area, which is reinforced by 55-day SMA at monthly pivot point. However, by the end of American trading the pair bounced off to close near 20-day SMA at 1.0880. The short-term action is still estimated to be bearish, given[​IMG]

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