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EURUSD more bearish after falling below 1.10

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 29, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Technical Analysis –EURUSD more bearish after falling below 1.10 EURUSD has been more bearish since falling from the high of 1.1375 on February 11. Breaking below key support at 1.10 and below the 50 and 100-day moving averages on Friday accelerated the decline to a low of 1.0910 today. Prices have stabilized around this level but the negative bias remains in the short term as indicated by the technicals. RSI is bearish below 50 while the MACD is falling. There is scope to target the January

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