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EUR/USD To Face Renewed Bearish Burden

Discussion in 'Technical Analysis' started by Kaitlin, May 27, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    In spite of growing back above the 100-day SMA on Thursday, the EUR/USD pair will likely fail again on the last trading day of this week. By advancing towards the 1.12 marker, the bulls have pushed the exchange rate close to a steep downtrend resistance where a sell-off should commence,[​IMG]

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  2. Eliza Abrams

    Eliza Abrams Well-Known Member Trader

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    I wonder what effect Janet Yellen's speech today will have on it.
     

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