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EUR/USD pauses decline, bearish bias remains

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 3, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EUR/USD pauses decline, bearish bias remains EUR/USD has re-entered into the recent 1.07-1.10 range it has been trading in for the past three months. After rising above the 200-day moving average in early February, the market was unable to sustain the rally that took prices to 1.1375. A break below the 200MA accelerated a decline towards a key level at 1.0850 where the market has found support in the past three days. Failure for support to hold at this level would encourage a bearish view with

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