After a long descending wave from May to October 3rd, #euro got - TopicsExpress

After a long descending wave from May to October 3rd, #euro got back to life. #EUR enjoyed this ride following the dovish sentiment expressed by the FED officials and the soft US retail sales figure. The bullish wave extended the price up to 1.2889 during the Wednesday session. Now #EURUSD is being traded around 1.2772, with the bulls trying to retain the power. The trend line and 50 SMA are in favor of price to move up towards the 1.2958 level. It may then start the next descending wave towards 1.2586. Learn why and read more on fundamental analysis in FXOpen blog! j.mp/FXeur17 #Forex #fx #trading #analytics #forextrading #forexsignals

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