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EUR/USD Is Determined To Breach 200-Day SMA

Discussion in 'Technical Analysis' started by Kaitlin, Dec 15, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    EUR/USD's volatility surged on Monday, despite lack of fundamental news and in anticipation of the looming Fed interest rate decision. The pair was testing the 50% Fibonacci retracement of an Oct-Nov downtrend at 1.1008 during the Asian session. However, the bulls are mainly ignoring this resistance, in order to focus[​IMG]

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