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EUR/USD was successful at testing 55-day SMA

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 10, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Technical Analysis EUR/USD was successful at testing 55-day SMA “The euro’s gains are the continuation of the positioning unwind after the ECB’s underwhelming December meeting.” - Standard Chartered (based on Bloomberg) Pair’s Outlook EUR/USD booked another bullish trading session on Wednesday, as the currency pair spiked above 1.10 to touch the most important 200-day SMA at 1.1031. Another moving average, the 55-day SMA, used to be an easy target for the bulls yesterday, and it was penetrated

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