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EUR/USD Attempts To Erase Earlier Losses

Discussion in 'Technical Analysis' started by Kaitlin, May 26, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    EUR/USD consolidated under the 100-day SMA on Wednesday, thereby pushing our short-term outlook further downwards. However, on early Thursday morning the pair is trying to reclaim the moving average and eliminate a heavy decline that had been registered on Tuesday. If successful, the bulls will neutralize the forecast to start[​IMG]

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