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EURUSD Holds Below Broken 200SMA, Near-Term Sentiment Turned Bearish

Discussion in 'Technical Analysis' started by Kaitlin, Jul 6, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Near-term sentiment turned bearish following failure to clear strong barrier at 1.1167 (daily Kijun-sen 50% of 1.1425/1.0909 fall), with subsequent bearish acceleration, ending Tuesday’s trading in long red candle. Break and close below 200SMA (1.1096), generated fresh bearish signal, as the price dipped to 1.1034, retracing over 50% of[​IMG]

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