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EURUSD - Near-Term Consolidation Remains Capped Under Key 200SMA Barrier

Discussion in 'Technical Analysis' started by Kaitlin, Jun 27, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The Euro remains capped under 200SMA (1.1098), below which it closed on Friday, after recovery attempts left hourly double-top at 1.1178/87. Near-term action showed double failure to fill overnight’s gap, on bounce from session low at 1.0981, so far being controlled by bearish near-term studies. Overall strong bearish tone was[​IMG]

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