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Forex Technical Analysis

posted by Avatar mfshahzad 780 days ago in EUR, GBP, Technical made popular 780 days ago

EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are neutral, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.4793 and 1.4169. Yesterday's slide bottomed at 1.3355 and current rebound is corrective in nature, preceding next sell towards 1.3267 lows. The minor consolidation above
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