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EUR/USD Expects Heavier Momentum Triggers

Discussion in 'Technical Analysis' started by Kaitlin, May 17, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Yesterday EUR/USD regained only a tiny percentage of Friday's losses, as data-free trading session ended with no distinctive leadership of either bulls or bears. As for the first daily resistance line, we are still looking at the weekly pivot point placed at 1.1346, followed by the 20-day SMA 14 pips[​IMG]

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