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EURUSD stays below the 100 hour MA at 1.3668

Written March 15, 2010 at 12:45 PM EST by Greg Michalowski 

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The EURUSD is staying below the 100 hour moving average at the 1.3668 level since breaking earlier.  The high corrective price has moved up to 1.3667.  As long as the price can remain below this resistance level, the bias remains to the downside.  A move back above could see the price move back toward 1.3691.

gregmike-00834

Categories: Forex Trading  |  
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