EUR/USD Retreats From December Downtrend

Discussion in 'Technical Analysis' started by Kaitlin, Jan 12, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    EUR/USD traded in a limited range on Monday amid lack of fundamental drivers throughout the day. By the end of American session the pair dipped down to the weekly pivot point at 1.0860. Strengthened by 20-day SMA, this support is expected to contain initial losses, unless any shocks happen. Additional[​IMG]

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