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aumnamah
Jul 21, 2016 10:08 AM

EUR dangerously placed in EMA 

Euro Fx/U.S. DollarFXCM

Description

No doubt there’s a scheduled ECB policy today. And perhaps with a possible status quo (on rate or stimulus wise) – EURO can rise against USD, maybe stretching towards 1.1140. But other than this - EUR looks bearish as seen in the chart, 200EMA has crossed 50 from below.
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