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EUR/NZD Forecast Today 13/9: Stalls After ECB (Video+Chart)
(MENAFN- Daily Forex)
- The Euro had initially tried to rally during the trading session on Thursday, but it looks like the 1.80 level continues to offer significant resistance at this point in time.
- We also have the 50 day EMA, and this of course is an indicator that a lot of people will be paying attention to due to the fact that it is a large widely followed indicator, but it is also right at this large round psychologically significant figure.
- All things being equal you can draw a Fibonacci retracement tool, and you can see that we have just bounced and then pulled back from the 38.2% Fibonacci retracement level.

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