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EURUSD fell below its 200 hour moving average

Staying below is more bearish.

EURUSD has now moved below its 200 hour moving average at 1.1277. Staying below this moving average is more bearish. The next target area is between 1.1248 and 1.12633 (see the numbered red circles).

The week’s low hit 1.12335. It was around 5/6 pips from old ground which turned into high which reverted to low near 1.12283.


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