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EUR/USD: The sun may be setting on the Q3 bounce

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 30, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Plenty of ink has been spilled about ECB President Mario Draghi’s dovishness last week, especially in contrast to the more-hawkish-than-expected Federal Reserve meeting. Given the big fundamental shift over the last two weeks, we thought it would be worthwhile to check in on the pair’s longer-term technical outlook. Looking at the weekly chart reveals a mixed picture for EUR/USD. The unit is undoubtedly in a long-term downtrend since peaking near 1.40 midway through last year, though rates

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