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Thomson Reuters
Nov 09 - 05:00 AM
EUR/USD - Bearing Down On 200-WMA, 2018 Low, After Big One-Day Drop
First appeared on eFXplus on Nov 09 - 02:50 AM
  • On Thursday EUR/USD registered the biggest one-day drop since Oct 24
  • Spot closed down 64 pips according to EBS prices, focus now on the 200-WMA
  • The 200-WMA is currently at 1.1313. Scope for deeper below 1.1301 2018 low
  • Recovery attempts could overshoot back above tenkan line at 1.1401
  • We have placed an offer at 1.1415 to take advantage of higher prices
  • Tenkan had propped . EUR/USD downside cover needed

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