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FX Promo Current Analysis of Oct 07/16

FX Promo Current Analysis of Oct 07/16


EUR/USD

Follow-through to break the 1.1138/23 lows shift focus to the 1.1100 level then the trendline from the Dec 2015 at 1.1090. Below this will see further weakness to target the 1.1046, Aug low. Upside seen limited with resistance now at the 200-day MA at 1.1167 then the 1.1200/13 area. [PL]

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