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Forex technical analysis: And down goes the EURUSD

Discussion in 'Technical Analysis' started by ForexLive, Jan 14, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Tests 200 hour MA/50% of the years range. The EURUSD has reversed course. Is it the stock rebound? Is the failure above the 1.0900 level. All I know is the pair has moved quickly lower and tests the 200 hour MA and the 50% midpoint of the years trading range at 1.10839/43 area. Will the buyers come in here? Well if they do, the 100 hour MA above will be resistance.

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