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Euro Technical Analysis: EUR/USD, EUR/JPY
There’s been some change-of-pace in the past two weeks. Just a couple weeks ago EUR/USD was in a continued sell-off as the pair was red for 17 of 19 days. I looked at a support level in the webinar that week at 1.0765 and that came into play a day later, which led to an initial bounce. That bounce was quickly faded, however, and last week, sellers made another run at that support but were unable to test the low. Support ended up showing at a trendline projection and that led to am ore spirited bounce and this time, price was able to stretch up for a re-test of the 200-day moving average. The NFP report on Friday ... (full story)