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Forex technical analysis: EURUSD falls below the support target

Discussion in 'Technical Analysis' started by ForexLive, Sep 9, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Yesterday, the level held. Today? Nope. The EURUSD did a big lap in trading yesterday with the price moving sharply higher and then sharply lower. The low bottomed right at support against the 100 bar MA on the 4 hour chart at 1.1239. The area also corresponded with swing lows from August.

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