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EUR/USD attempts to bounce off 55-day SMA

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Technical Analysis EUR/USD attempts to bounce off 55-day SMA “The New Year kicks off with German inflation figures which will be closely watched, as they are a key input into tomorrow’s euro area flash CPI estimate for December.” - Lloyds Bank (based on Pound Sterling Live) Pair’s Outlook Last trading day of 2015 was bearish for the EUR/USD currency pair when it tumbled below the 1.09 mark to settle near 1.0855. During the January 4 Asian session, however, we are seeing a confident recovery

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