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EURUSD - 200SMA Continues To Cap

Discussion in 'Technical Analysis' started by Kaitlin, Jun 29, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Near-term price action stalled again on renewed attack at strong 1.1080/1.1100 resistance zone, which was cracked on yesterday’s brief probe above. Sideways-moving 200SMA marks solid barrier, which is expected to ideally cap recovery attempts, before larger bears resume. Yesterday’s daily candle is positive but with long upper shadow that signals[​IMG]

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