EURUSD upside momentum on tether's end

FX_IDC:EURUSD   Euro / U.S. Dollar

EURUSD downward pressure is intensifying. However 4 hour candle close above red-line support turn resistance level of 1.05687 will invalidate downward pressure for now. However as long as 1.05687 holds, downward pressure is still expected. Penetration of 1.0520 on daily close will bring deeper fall of the EURO to pairity over the coming months.
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