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Forex technical analysis: EURUSD trying to push away from the 200 hour MA

Discussion in 'Technical Analysis' started by ForexLive, Aug 24, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Been under pressure for most of the day The EURUSD broke below trend line support in early trading today, and over the last few hours has pushed below the 200 hour MA and the lows from Monday's trade as well at 1.12719 and 1.12705 respectively. If that lid can hold, the shorts will be happy : ) (or feel the happiest). It also shows that traders like the short side. They are leaning.

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