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Forex trading: A technical (re)view of the major currency pairs

Discussion in 'Technical Analysis' started by ForexLive, Aug 9, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Summer trading conditions resumes. EURUSD The EURUSD has spent the last 4 hours below the 100 hour MA (blue line in the chart below). The price is currently testing that level. There was a push above the MA in the morning session as traders - reacting to a break out of the narrow trading range - jumped on the bullish wagon hoping for the extension higher. That worked temporarily. Now with the price back below the 100 hour MA, buyers need to see more upside momentum.

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