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EUR/USD 200 Day Average Hold Works Again

EUR/USD 200 Day Average Hold Works Again

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

EUR/USD 200 Day Average Hold Works Again

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

High Frequency Trading Ideas and Traits of Successful Traders

-There is no change other than noting that the 200 day average hold is viewed as a positive sign. “EUR/USD may be preparing for a substantial mark-up as noted in this weekly report. Near term, the line that extends off of the May and July lows has served as resistance. I’m still employing 1.11 (late May low and close to Brexit day close and 200 day average) as the bull/bear dividing line. SSI has flipped to negative, which is viewed as a positive for price.”

For more analysis and trade setups (exact entry and exit), visit SB Trade Desk

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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