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Forex technical analysis: EURUSD chops around near low levels

Discussion in 'Technical Analysis' started by ForexLive, Nov 23, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Still down on the day The EURUSD has been chopping up and down in European trading after a dive in the Asia Pacific session. PMI data that was better than expectations provided a fundamental floor for the pair. Technically, there was a technical floor against a lower trend line on the hourly chart (see below).

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