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EURUSD: 1D MA50-200 rejection. Strong sell.

Short
Euro / U.S. Dollar (FX_IDC:EURUSD)  
InvestingScope  
FX_IDC:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators EURUSD Forex Currencies EUR USD euro DJ FXCM Index forextrading eurusdtrading
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trendanalysis chartpattern indicator eurusd forex currencies eur usd euro usdollar forextrading eurusdtrading
EURUSD is neutral on its 1D technical outlook (RSI = 51.370, MACD = -0.001, ADX = 29.673) as it got rejected on the 1D MA50-MA200 level, which stopped the bullish wave of the Channel Up from extending higher and potential breaking the pattern. The 1D RSI is on the stage where it should reverse as per March 12th. This is a strong sell signal, TP = 1.05550 (the 1.236 Fibonacci extension level).



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