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May 27, 2012 03:35AM GMT
     
 
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200 Hour MA being approached at 1.3740. Should be a cause to pause

By   |  Technical Analysis  |  Oct 20, 2011 10:45AM GMT  |  Add a Comment
 


The EURUSD has moved strongly to the upside on the back of failing of the break of key EURUSD intersection at the 1.2676-81 and the holding of the 200 bar MA on the 4 hour chart. The pair is now moving toward the 200 hour MA at the 1.3740 level currently and there SHOULD be a cause for a pause.

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