EURUSD below 200SMA, pressures 1.10 and eyes 1.0963, Fibo 61.8% support

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 22, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EURUSD Bearish acceleration that commenced at the beginning of European session broke initial support at 1.1070, daily Kijun-sen / former hourly base and took out more significant 200SMA, which previously acted as strong support. Extension below 1.1051 cracked next target at 1.1016, rising daily 30SMA and eyes psychological 1.1000 support. We look for daily close below 200SMA to confirm bearish stance and signal probe below 1.10 handle, towards next strong support at 1.0963, Fibonacci 61.8% of

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