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EUR/USD Gets Bullish Momentum From 1.1375

Discussion in 'Technical Analysis' started by Kaitlin, May 12, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Provided with heavy bid momentum at 1.1375, yesterday the EUR/USD currency pair commenced a major rebound above the 1.14 mark and closed the session to the upside for the first time in seven days. Strong demand was generated by the monthly pivot along with the 20-day SMA and March-April uptrend,[​IMG]

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  2. Eliza Abrams

    Eliza Abrams Well-Known Member Trader

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    Range continues, unfortunately, the pair couldn't break above 1.1450.
     

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