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#1 27-08-2018 11:36:28

johnedward
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From: Paris - France
Registered: 21-12-2009
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EUR/USD: the euro is pushing above its short-term moving average

EUR/USD: the euro is pushing above its short-term moving average (Commerzbank)


http://www.forex-central.net/forum/userimages/LOGO-commerzbank.jpeg


Commerzbank notes that the EUR/USD is becoming increasingly bullish in the short term.

"The EUR/USD spent much of last week consolidating just below the 55-day moving average, which currently stands at 1.1615, but is now rising above. The breakout of the MA is bullish in the short term and is targeting the ​​1.1700 zone.

The pair will need to drop below 1.1508 to ease the immediate upward pressure.
"


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

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