EURUSD: Price action yesterday does not reveal any fresh current in the market. The 1.3576/13651 range has to be violated to indicate an increased chance for a directional move. It’s interesting to note that the combination of the lower end of the descending 233day moving average band and the ascending 55day moving average created a junction of resistance at 1.3635/40 and it was respected yesterday (and the lower end of the 55day moving average band (1.3600) adds support).
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