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EURUSD Faces an Uphill Task

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Key Highlights Euro continued to decline against the US Dollar, and fell close to the 1.0550 area. There is a bearish trend line formed on the 4-hours chart, acting as a resistance for an upside move. In Japan, the Industrial Production released by the Ministry of Economy, Trade and Industry posted a decline of 1.4% in October 2015 that was more than the last decline of 0.8%. EURUSD Technical Analysis The Euro stayed under the bearish pressure this past week, and continued to move lower

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