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EUR/USD consolidates around 55-day SMA

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 14, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Technical Analysis EUR/USD consolidates around 55-day SMA “One of the key issues for currencies this week is how much of a rate move is already priced into markets and where does it go from there.” - CMC Markets (based on Bloomberg) Pair’s Outlook As expected, EUR/USD surged past the 55-day moving average line to close the week just below the 1.10 mark. During Friday, the pair has been contained by 200-day SMA at 1.1032, which remains a very formidable resistance for the bulls. Monday-Tuesday

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