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EUR/USD Keeps Targeting 200-Day SMA

Discussion in 'Technical Analysis' started by Kaitlin, May 31, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    EUR/USD recovered from the 1.11 mark on Monday, after shortly touching the major support represented by the 200-day SMA down there. Over the session the pair gained about 25 pips overall; however, we foresee more weakness in the upcoming future. EUR/USD will highly likely face some downside momentum generated by[​IMG]

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