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EUR/USD Probes 55-Day SMA Ahead Of EU CPI

Discussion in 'Technical Analysis' started by Kaitlin, May 18, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    EUR/USD tested the weekly pivot point resistance line at 1.1346 on Tuesday; however, the bears took control over the market after US data showed better than anticipated inflation in April. Thus, we are looking for more dips over the next 24 hours and the pair has already attempted to attack[​IMG]

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