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Bears could extend significantly after break of key 200DMA support - Windsor Blog
Eventual break and close below key supports at 5.5740 (Fibo 61.8% of 5.1595/6.2445 ascend) and 5.5649 (200DMA) generated strong bearish signal for deeper decline, in extension of downtrend from 6.2445 (2019 high). Bears eye psychological 5.50 support, with stronger bearish acceleration to open way towards Fibo support at 5.4156 (76.4% of 5.1595/6.2445). Lira’s sentiment improved …