Technical Analysis EUR/USD EUR/USD plunged through SMAS “I expect the euro to head lower considering anxiety ahead of an election in Germany and possible political crisis in Italy.” - Takahiro Suzuki, Nomura Securities (based on Reuters) Pair’s Outlook Although there were few reasons to believe EUR/USD will not be underpinned by a combination of the 100 and 200-day SMAs, the price turned out to be unable to surpass the resistance at 1.3217 and fell by 80 pips. Now the currency pair is trading
Reported by FXstreet.com 53 minutes ago.
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