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ForexLive: EUR/USD Ping Pongs B/W Support and Resistance

posted by Avatar ejc 365 days ago in EUR, Technical, Daily

The EURUSD is ping ponging between support at the 200 hour MA and resistance at the 38.2% of the move down yesterday. Ironically, the rally has come post a rather weak German ZEW report that showed the current sentiment falling to 33.2 from 44.1 (expected 39) and the Economic Sentiment plunging to -16.9 from 10.8...more.
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