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EUR/USD Consolidates Around 55-Day SMA

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

  1. Kaitlin

    Kaitlin Forum Member

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    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 development is likely to be cautious, as we are[​IMG]

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