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Euro Remains Well Capped on Rallies to 20-Day SMA

Discussion in 'Technical Analysis' started by ActionForex.com, Mar 7, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    Has rallied quite impressively on Friday, but the market has run into formidable resistance by the 20-Day SMA to open the latest minor pullback. The market remains locked in a strong downtrend and has been unable to close above the 20-Day SMA for the entire 2009. Only a close above...

    complete article here...

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