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EUR/USD: downside continuation below 1.0527


EUR/USD Minor Growth!

The EUR/USD pair registered a strong drop today. 1.0527 is seen as a downside obstacle. The rate tried to increase after reaching this level and it was almost to hit the 1.0579 upside obstacle (the downside obstacle turned into an upside obstacle).

Technically, after dropping below the uptrend line, the rate signaled exhausted buyers and announced a new downside movement.

EUR/USD Forecast!

Dropping below today's low of 1.0527 could announce more declines. This is seen as a selling opportunity.

Trading analysis offered by Flex EA.