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EUR/USD risks declining to 1.13

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 19, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Technical Analysis EUR/USD risks declining to 1.13 “The recent gains in the value of the EUR are likely to have been a source of concern for ECB policymakers.” - Rabobank (based on WBP Online) Pair’s Outlook Bears continued to dominate the EUR/USD currency pair on Friday. The cross declined by additional 30 pips to reach the 1.1345 mark by the end of the session. This event exposes the next demand area around 1.13, which is guarded by the 20-day SMA and weekly S1 at the moment. A failure here

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