Technical Analysis

EURUSD trades to new lows as London merchants exit for the day

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The EURUSD trades to new session lows as London merchants exit for the day.

The pair was harm as we speak after the PMI information out of German got here out weaker than anticipated.

Technically, the worth turmbled to the 200 hour MA (inexperienced line), then fell beneath the road and moved decrease.

The EURUSD traded above and beneath the 50% retracement at 1.13432 for the final 6 or so hours, however is shifting away now. That degree is now shut danger for shorts.  The lows from November 16 at 1.1321 and the 61.eight% retracement at 1.13128 are actually focused. 

Sellers in management.  

ForexLive


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