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EUR/USD Falls To 1.1260 After Bearish Rally

Discussion in 'Technical Analysis' started by Kaitlin, Apr 14, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    US fundamentals used to have little influence on the Dollar, because this currency continued to advance at the fastest daily pace since January. EUR/USD sank 112 pips and put an end to the eight-day long sideways development. It breached the weekly S1 and the 20-day SMA, thereby switching attention to[​IMG]

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