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EUR/USD Risks Falling From 8-Month Downtrend

Discussion in 'Technical Analysis' started by Kaitlin, Mar 18, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    EUR/USD rallied for a second day in a row on Thursday, owing to weaker US Dollar in the wake of dovish Fed decisions a day before. As expected, the currency pair eroded the weekly R1 and surged to the August-March downtrend at 1.1320. This one is guarded by another downtrend[​IMG]

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