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Forex technical analysis: EURUSD liking support at the 200 hour MA

Discussion in 'Technical Analysis' started by ForexLive, Mar 7, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Traders enter against the level in trading today The 200 hour MA at 1.09414 was tested once, it was tested twice (it even traded below it during three 5-minute bars but only by 2-pips). As NY traders entered, a low price of 1.0947 was reached. The price is currently trading around the 1.0960 level. PS the pair also tested a lower trend line at the same level.

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