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Euro Consolidates Ahead Of Strong Support Zone After Friday's Sharp Fall

Discussion in 'Technical Analysis' started by Kaitlin, Sep 19, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The Euro found temporary footstep at 1.1148, just above 200SMA (1.1145), following sharp fall on Friday that ended seven-day congestion phase and signaled fresh direction. Friday’s fall marked the strongest daily loss since 26 August and generated strong bearish signal that was reinforced by weekly close in red.[​IMG]

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