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EUR/USD still unable to clear $1.14
Yet again a push towards $1.14 for EUR/USD was met by selling, and while for now the downside has been stemmed around $1.135, the bearish view remains intact. Another push towards $1.13 seems likely.
One hope for the bulls is the ongoing rise in stochastics, with might suggest a weakening of bearish momentum, but it will require a close above the 50-day simple moving average (SMA) at $1.1418 to produce a more bullish view.
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