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EURUSD analysis 20 April 2017

EURUSD analysis 20 April 2017

 

EURUSD is declining again after two sessions of a rise after the release of the inflation data in the euro zone which recorded 1.5% while the previous reading was 2.0%. the main index recorded 0.7% when the previous was 0.9%

The decline comes also due to the fears of the French elections Lapen's chances to win is not so high so the pair rose before the fall.

Technically

Stabling down of 1.0730 may push the pair to 1.0675 and if it breaks it it may test 1.0655 and if it breaks it it may reach the 100 SMA at 1.0627

In contrast if it breaks 1.0730 it may rise to 1.0765 and then 1.0800

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