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Euro / U.S. Dollar
Short

EURUSD-bearish outlook in daily chart

By forexorbit
EURUSD has started this month with positive pips because of the relative weakness of US dollar , historically November and December was bearish for the dollar. As comparing with euro dollar is performing well. EURUSD is struggling to get bullish momentum after breaking up the upper side of the trend line briefly reached 1.07500 and currently trading around 1.06880. Technically both 100,200 EMA making golden cross. Ichimoku cloud is still red and the price line is within the cloud. The downside target will be 1.05850.
Chart PatternsEURUSDeurusd-analyseeurusd-charteurusdpredictioneurusd-priceeurusdtradeTechnical IndicatorsTrend Analysis
forexorbit
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