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EUR/USD is inching higher towards 55-day SMA

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 22, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Technical Analysis EUR/USD is inching higher towards 55-day SMA “The euro is at a level where it’s cheap enough. There’s no justification to try and manipulate it even lower, but that doesn’t mean Draghi won’t do it.” - Santander (based on Bloomberg) Pair’s Outlook EUR/USD performed in a confident up-trend on Monday, although the day brought very few fundamental drivers. The pair closed above the weekly pivot point and approached the 55-day SMA at 1.0933. However, this level remains untouched

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