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EURUSD Analysis: Is expected to decline

Written By Kenny Fisher | 2018-07-12 06:56:49 GMT

It was discovered that the currency pair is trading in massive scale descending pattern, in which there exists a long term ascending channel. In the medium pattern a descent is taking place in a channel down pattern. 

Meanwhile, note that recently the pair bounced into a strong resistance cluster, and it has almost no support down to the 1.1640 mark.

EURUSD

 

Interested in EURUSD technicals? Check out the key levels

    1. R3 1.1828
    2. R2 1.1794
    3. R1 1.1734
  1. PP 1.17
    1. S1 1.1639
    2. S2 1.1605
    3. S3 1.1544

 

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By Kenny Fisher
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