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Bulls regain traction and return above 200DMA on fresh risk mode - Windsor Blog
Optimistic news on US/China trade issue prompted investors into riskier assets and pushed the pair back above 200DMA (109.02). Wednesday’s close in red and below 200DMA put on hold hopes for eventual attack at key Fibo barrier at 109.36 (61.8% of 112.40/104.44 descend), but today’s strong downside rejection (108.64) and fresh probe above 109 zone …