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US dollar retreats into the NA afternoon sesssion

Discussion in 'Technical Analysis' started by ForexLive, Jan 5, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Some selling as London exits EURUSD The EURUSD somewhat randomly stopped the fall between support at the 1.0688 level and the breaking of the 61.8% at 1.0725. The price has since moved back above the 1.0725 level and corrected down to the level - finding buyers (low correction came in at 1.07227). The 100 bar MA (blue line) will now be eyed.

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