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Forex technical analysis: EURUSD falling back below break levels

Discussion in 'Technical Analysis' started by ForexLive, Jul 12, 2016.

  1. ForexLive

    ForexLive Forum Member

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    The pair that continues to shift with the wind The EURUSD moved above resistance against the 200 hour MA and 200 day MA earlier in the London morning session (at 1.1089 and 1.1093). The move stalled after taking out Friday's NFP highs and we are now moving back below the 200 hour MA/ the 200 day MA (shifts the bias back in the favor of the shorts).

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