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EURUSD met 1.1075 target, daily Kijun-sen, on break below 1.11; 200SMA eyed

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EURUSD The Euro finally broke below 1.11 support, which held yesterday’s fall and fresh acceleration lower, met initial target at 1.1075, daily Kijun-sen line so far. This opens way towards key support zone at 1.1064/55, 20/200SMA’s, which formed Golden Cross. Descending daily indicators support further weakness and possible attack at 1.1064/55 breakpoint. Daily close below 1.1120, Fibonacci 38.2% of 1.0709/1.1374 rally, is needed to signal reversal, with sustained break below 200SMA, to

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