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Technical Analysis
Video | Market Technical | Solid ECN
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[QUOTE="SOLIDECN, post: 211414, member: 80239"] [HEADING=1][JUSTIFY]EURUSD - Statistics from the EU prevent further growth of the asset[/JUSTIFY][/HEADING] [JUSTIFY]The German economy is rapidly plunging into a crisis, and the retail sales volume, which fell into negative territory in June, amounting to –1.6% instead of 1.2% in May, confirms this trend. The indicator has already lost 8.8% YoY, an absolute anti-record in the entire history of observations. Statistics for the euro area show a negative trend: July Manufacturing PMI amounted to 49.8 points, which is lower than 52.1 points in the last month, comparable to the lows of spring 2020. [img]https://i.ibb.co/tP0zWPy/eurusd.png[/img] The trading instrument is moving within the global downward channel, heading towards the resistance line. [B]Resistance levels[/B]: 1.0262, 1.041 | [B]Support levels[/B]: 1.0115, 0.9951[/JUSTIFY] [/QUOTE]
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