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Forex technical analysis: EURUSD down 5th day in a row, but...

Discussion in 'Technical Analysis' started by ForexLive, Feb 18, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Most of the decline in the first two days. The EURUSD is likely to close down for the fifth day in a row. Yesterday the pair close that 1.1125. The current price is trading at 1.1093 which is right on the 50% of the move up from the Jan 29 low (see chart below).

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