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Forex technical analysis: EURUSD tests support after stalling above

Discussion in 'Technical Analysis' started by ForexLive, May 11, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Cannot stay above 200 hour MA The EURUSD gave the old college try with the move up through the 100 hour MA and up to the the 200 hour MA. But the trade "between the goal posts" (defined by the two moving averages) could not keep the momentum going near the upper extreme (green line in the chart above), and the rotation back to the Monday high and 50% retracement area is being tested. That area comes between 1.14146 and 1.14195.

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