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Apr 24 - 02:55 AM
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EUR/USD - Close Below 200-DMA May Encourage Traders To Sell
By Jeremy Boulton — Apr 24 - 02:27 AM
• EUR/USD falls under 200-DMA at 1.1676 to 1.1674 but hasn't closed below it
• Close below may encourage traders - currently betting on a rise - to sell
• Target for a minor correction of March April rise is 1.1681
• The influential 21-DMA is 1.1662
• Targets for a deeper drop 1.1629, 1.1577 and 1.1503
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EURUSD
(Jeremy Boulton is a Reuters market analyst. The views expressed
are his own)
Source:
London Stock Exchange Group | Thomson Reuters