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EUR/USD Breaches Dec-Jan Downtrend, Exposes 1.10 Area

Discussion in 'Technical Analysis' started by Kaitlin, Jan 18, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    On Friday the most popular FX currency pair violated the two-month trend-line near 1.09, while daily gains attempted to push the pair as high at 1.10 (100-day SMA; Bollinger band). However, bearish market participants overtook the lead by the end of US trading and closed the week at 1.0915. Some[​IMG]

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