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EURUSD In Directionless N/T Mode Ahead Of US Jobs Data, 200SMA Continues To Cap

Discussion in 'Technical Analysis' started by Kaitlin, Jul 8, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The Euro showed no significant results in near-term action, remaining entrenched with 1.1050/1.1090 congestion, with 200SMA marking key near-term resistance at 1.1092. Formation of double Death Cross of 10/200 and 5/200SMA adds on downside pressure, as daily picture remains firmly bearish.[​IMG]

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