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Technical Analysis
EURUSD technical analysis and forecast
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[QUOTE="Athar dewidar, post: 138243, member: 51291"] Forex Analysis and Forecasts and eurusd Trends from Gold Pattern are providing the EURUSD technical analysis today In the medium term, the EURUSD dropped from the 1.2090 level, which represents a historic high for the pair since 2015 The EURUSD broke through the medium term uptrend line The pair continued to fall and broke the 1.1660 support level Thus, the EURUSD pair reflects the medium term uptrend and started a strong bearish trend And we have seen the pattern of head and shoulders reversal known from which we expect the pair to continue to fall to the level of 1.1250 as the technical analysis of the euro dollars We also find the measured move pattern AB = CD and the price of the eur usd finished the first leg of the pattern And in the second leg , which shows the expectations of the eur usd to reach the level of 1.1470 The EURUSD analysis today and the EURUSD price outlook give a strong indication of the continuation of the bearish trend Which started up to 1.1470 and 1.1250 And therefore prefer to sell the euro-dollar pair on the global currency exchange Forex [/QUOTE]
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