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EUR/USD: Pressure Stays On The Downside Below The 1.1200 Level

Discussion in 'Technical Analysis' started by Kaitlin, Aug 30, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Pressure stays on the downside below the 1.1200 level and see risk for break of the 1.1158 low to further extend last Fri's decline from 1.1341 high. Lower will target the 200-day MA at 1.1118 then the 1.1100 level. Upside seen limited with the recent lows at 1.1245 and 1.1271 now reverting to resistance. [PL][​IMG]

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