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EUR / USD Technical ViewThe pair is in a corrective mode, trading by 1.2900. However, the short-term risks are still on the upside, so we look for further gains towards the 50-Day SMA by 1.3100. Breaking and consolidating above the 50-Day SMA would confirm a shift in a medium-term structure and accelerate gains towards the 100-Day SMA by 1.3400. However, while the pair trades below the 50-Day SMA, the medium-term risks are still on the downside, so we look for a bearish reversal and a new attempt to reach the 1.2590 support, with a break and consolidation below to confirm long-term declines towards the 1.1875 low.
Thank you for your kind words...BFXGeneralConsultantSince the title is " Technical Analysis " we might as well post subjects relevant to the title as well as updated analysis sofellow traders can compare tech views, helping them to come up with his/her own intelligent trade plan, trade better and more profitable.
Actually there is a "child board" discussing specific currency pairs...fresh and updated insights are welcome and appreciated there...