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Thomson Reuters
Sep 11 - 02:36 PM
EUR/USD - Bulls Remain In Control As 30-DMA Still Intact
First appeared on eFXplus on Sep 11 - 09:40 AM
  • EUR/USD suffers an intra-day setback to 1.1565
  • Bulls still on track for eventual gains to the 30-day upper BB at 1.1755
  • We are now long at 1.1565 ahead of the 30-DMA support which is at 1.1559
  • Recent drops have found solid support ahead of the 1.1518 Fibonacci level
  • 1.1518, a 50% retrace of the 1.1301 to 1.1734 rise, our stop is below there
  • ECB poses a significant risk to bulls and the uptrend

EUR/USD Trader:

Daily Bollinger Chart: Click here

Source:
Thomson Reuters IFR Markets

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