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Forex technical analysis: EURUSD a touch more bullish ahead of FOMC

Discussion in 'Technical Analysis' started by ForexLive, Sep 17, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Above 50% of 5 month range and 100 and 200 day MA The FOMC decision is approaching and the EURUSD if anything has a touch more bullish bias . Looking at the daily chart above, the pair in September bottomed close to the 100 day MA (blue line in the chart above at 1.1145 currently) and also moved above the 200 day MA (currently at the 1.1228 level - green line in the chart above). The price has now closed above the 200 day MA for the last 5 days although the price action has been up and down.

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