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EUR/USD Fails To Retrace

Discussion in 'Technical Analysis' started by Kaitlin, Sep 28, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    EUR/USD confirmed its change of track, opening bearish for the second consecutive session. The dip is currently stalled by the 20-day SMA, with risk at 1.1201, the weekly Pivot Point. A cluster made up by the 55-day SMA and the monthly Pivot Point at 1.1185/90 could further reduce bearish momentum[​IMG]

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