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EURUSD Erases Gains, Returns To Monthly PP

Discussion in 'Technical Analysis' started by Kaitlin, May 13, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The bears have completely controlled the market on Thursday. They eliminated all gains that were accumulated over Wednesday and pushed the cross back towards the monthly pivot and 20-day SMA at 1.1376. Consolidation under here will shift the risks considerably to the downside and the focus will consequently turn to[​IMG]

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