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Descending Trend-Channel Favors Further EURUSD Downside

Discussion in 'Technical Analysis' started by Kaitlin, Nov 16, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    Even if the EURUSD bounced back from its 1.0675-85 horizontal support during last weekend, three weeks old descending trend-channel resistance, around 1.0800 presently, restricted the pair's advance, pulling it back towards the said horizontal support area. Should the pair fails to hold 1.0675, chances of its extended downside to 1.0600[​IMG]

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