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EURUSD Remains Congested Between 1.10 And 1.11, Overall Outlook Is Bearishly Aligned

Discussion in 'Technical Analysis' started by Kaitlin, Jul 13, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The Euro remains congested within about 100-pips range, with strong support at psychological 1.1000 zone and the upside being capped by sideways-moving 200SMA / Tenkan-sen line at 1.1100 zone. Repeated spikes above here were so far short-lived, confirming strong resistance zone.[​IMG]

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