Forex Technical Analysis on Majors |
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EUR/USD Current level-1.3622 EUR/USD is in а downtrend, after finalizing the rebound from 1.3882 (Sept. 11 2008) at 1.3882. Technical indicators are falling, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.4595 and 1.5183. Suffering a vast volatility, the pair has dipped to 1.3261, rebounding all the way up to 1.3670. A clear uptrend is on the run with an initial support at 1.3602 and crucial level at 1.3472, targeting 1.3786, en route to 1.3904.
Filed under: Technical
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