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EUR/USD Comes Back Above Monthly S1

Discussion in 'Technical Analysis' started by Kaitlin, Oct 28, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    A bounce back took place in the one-day chart for EUR/USD. The pair climbed above 1.1050 on Monday, pricing in worse than expected US housing statistics. Still, the probability of further gains remains tepid and rallies are expected to be contained by key resistance, namely 200-day SMA/weekly PP at 1.1117/33.[​IMG]

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