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Euro / U.S. Dollar
Short

EURUSD: Technical Analysis & Very Bearish Outlook 🇪🇺🇺🇸

By VasilyTrader
Updated
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Hey traders,

EURUSD is trading within a wide horizontal trading range on a daily.

1.166 is its support
1/191 is its resistance

Reaching the upper boundary of the range, the market started to fall sharply.
I will expect a further decline to the lower boundary of the range.

Being quite oversold, the price may pull back before the goal will be reached.

Good luck!

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Note
Check my new analysis on SILVER (XAGUSD), GBPJPY, AUDNZD, NZDJPY:
MarketBreakdown | SILVER (XAGUSD), GBPJPY, AUDNZD, NZDJPY
EUReuroEURUSDForexSupport and ResistancetradingTrend AnalysisUSDDJ FXCM IndexWave Analysis
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