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EUR/USD lunges at 200-day SMA

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 26, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Technical Analysis EUR/USD lunges at 200-day SMA “The contagion of a ‘Brexit’ is spilling over to a full blown existential crisis for the eurozone: if Britain can renegotiate its status, why not anyone else?” - Christopher Vecchio, DailyFX (based on MarketWatch) Pair’s Outlook The Euro rebounded after it touched upon the formidable 1.0970/50 demand area. However, the 200-day SMA remains intact, and it still might not let the rate to exit this week’s range. In case of a close above 1.1050, the

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