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Forex technical analysis: EURUSD back down testing the 100 day MA

Discussion in 'Technical Analysis' started by ForexLive, Oct 7, 2016.

  1. ForexLive

    ForexLive Forum Member

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    The 100 bar MA on the 4-hour chart (and 200 bar MA stall the rally). In the EURUSD, the price initially found resistance against the 100 day moving average at 1.1179. That level was broken and the price raced up to the 100 bar moving average of four hour chart at the 1.1202 level. Sellers leaned against that level or back down testing the 100day moving average currently.

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