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EURUSD Back Above 1.1000 In Directionless N/T Mode Ahead Of ECB

Discussion in 'Technical Analysis' started by Kaitlin, Jul 21, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The Euro returned above 1.1000 handle, following yesterday's unsuccessful attempt lower. Near-term price action is so far supported at 1.1000, but upside remains limited, with overall structure being firmly bearish and favoring further downside. Session high at 1.1045 marks initial resistance, reinforced by falling 10SMA, followed by daily Tenkan-sen at[​IMG]

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