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US Dollar Cautiously Developing Bullish First Wave

Discussion in 'Technical Analysis' started by Kaitlin, Aug 9, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The EUR/USD is building a downtrend with lower lows and lower highs, which would be invalidated if price manages to break above the resistance trend line (red). A break below the support levels (greens) should see a continuation of the bearish momentum.[​IMG]

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