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EURUSD pops on ECB tapering comments

Discussion in 'Technical Analysis' started by ForexLive, Oct 4, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Pop goes the EURUSD Just when the EURUSD was looking more bearish below the 100 and 200 day MA, a headline comes out about the ECB tapering QE. That sent the pair sharply higher. The price action took the price above both daily MAs. The spike stalled against the 100/200 hour area (at 1.12128-19 area). Fast break the other way.

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