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#1 02-05-2018 09:26:48

johnedward
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From: Paris - France
Registered: 21-12-2009
Posts: 2123
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EUR/USD: the euro could still reinforce its decline below 1.20 (OCBC)

EUR/USD: the euro could still reinforce its decline below 1.20 (OCBC)


http://www.forex-central.net/forum/userimages/OCBClogo.png


OCBC notes that a break below 1.2000 would offer a new bearish signal.

"The EUR/USD should continue to follow its implied short-term value, which collapsed last week.

Key signals for an extension of the decline will depend on the ability of the 200-day moving average (1.2016) and 1.2000 to curb bearish traders.
"


"Anything worth having is worth going for - all the way." - J.R. Ewing

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