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Forex technical analysis: EURUSD trades near days midpoint

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

  1. ForexLive

    ForexLive Forum Member

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    Tested support at MA level. Rallied modestly higher. The EURUSD fell in Asian Pacific trading and approached the 100 bar MA on the 4-hour chart, The price pushed through that level on employment Friday earlier this month and took off. Today, traders put their trust against the level and the pair held and rallied (the MA came in at 1.1229, while the low stalled at 1.1233).

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