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Forex technical analysis: EURUSD initial move is lower on comments

Discussion in 'Technical Analysis' started by ForexLive, Sep 8, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Looking toward more stimulus options... The initial reaction from the comments from the ECB Draghi comments is to the downside. The price has moved toward the high from yesterday at the 1.1271 area ( Activity remains choppy as the headlines from the speech scroll through. Market price moves back up toward 1.1300. The topside trend line at 1.1318 from the daily chart remains a topside target to get to and through.

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