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Today's Market Outlook

Discussion in 'Technical Analysis' started by Kaitlin, May 31, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The Euro entered near-term consolidation phase, following yesterday's unsuccessful attempt below strong support at 1.1100 (200SMA).Subsequent bounce was modest, with brief probe above daily cloud base at 1.1142, being short-lived so far. The pair may spend some time in consolidation above sideways-moving 200SMA, however, overall structure remains bearish and favors[​IMG]

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