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EURUSD Remains Biased Lower, As 200SMA Caps

Discussion in 'Technical Analysis' started by Kaitlin, Jul 19, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The Euro remains at the back foot, following false break above 200SMA last week and Friday's sharp fall that turned focus back to strong 1.1030/00 support zone. Overnight's fresh bearish acceleration from session high at 1.1080, pressures again first support at 1.1030 (Friday's low), which also contained Monday's attempts lower.[​IMG]

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