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EUR/USD: golden cross - BBH

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 9, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Guatemala) - Analysts at Brown Brothers Harriman noted the EUR/USD's golden cross.

    Key Quotes:

    "The euro's 50-day moving average crossed below the 200-day moving average in early October for the first time since July 2014.

    The turning of the so-called Golden Cross is a function of roughly a six-month consolidation after a nine-month slide. With some conservative assumptions, the cross can turn higher over the next couple of weeks."
    For more information, read our latest forex news.
     

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