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Euro / U.S. Dollar
Short

Technical view EURUSD

By walidmaksoud83
Updated
It is expected for price to reach 1.0470-50 Zone.
Confluecnes:
1-high volume
2-Price action (engulfing bearish candle)
3-Breaking the upward line.
4-Price is moving below EMA 200.
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Waiting for bearish candle to confirm the continous bearish bias.
It is expected for EURUSD to reach lower levels at 1.0500
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US Retail Sales rise by 0.7% in September, above the 0.3% of market consensus , so The US Dollar gathered strength against its rivals. The US Dollar Index (DXY) rebounded from 106.15 and climbed to 106.40, approaching daily highs , So we will focus on selling only for EURUSD and this is compatible with our analysis.
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Chart PatternsTechnical IndicatorsTrend Analysis
walidmaksoud83
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