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EUR/USD Closed Tuesday Trading Above 1.1260

Discussion in 'Technical Analysis' started by Kaitlin, Oct 7, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    A long-awaited close above the 50% Fibonacci retracement of the Jul-Aug uptrend became reality yesterday. While being underpinned by the 55-day SMA, currently at 1.1169, EUR/USD pierced through several crucial resistances to reach the 1.1270 mark by the end of Tuesday's trading session. However, a recovery remains sluggish, meaning that[​IMG]

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