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Technical Outlook for Majors 16/09/2015
EURUSD
The Euro came under pressure, following upside rejection at 1.1371 and two-legged pullback that dipped to 1.1257 so far, cracking daily 20SMA support at 1.1268. Tone of near-term technicals remains weak and risks further easing, with break below temporary footstep at 1.1257, expected to open next breakpoint at 1.1232, 200SMA. South-heading daily slow Stochastic, which reversed from overbought territory, supports downside scenario. Hourly lower platform at 1.1327, formed by yesterday |
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