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Forex technical analysis: EURUSD lower but up and down in European session

Discussion in 'Technical Analysis' started by ForexLive, Jan 13, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Holds support against 1.08000 Here is how I see the EURUSD. Traders last leaned against the 1.0802 level (low came in at 1.0804 today). The price is trading below the 50% retracement level at 1.08393 and the 200 hour MA at the 1.08436. (current price is at 1.0825. Patient sellers should enter against this area in trading today (a risk level). If the sellers are to remain in control, this area should hold resistance.

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