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reubenroyal
Jun 5, 2020 6:37 PM

8H EUR/USD SHORT Short

Euro Fx/U.S. DollarFXCM

Description

EUR/USD has reached an important zone where we see a major weekly descending trendline above (purple) and a key zone of previous sell sensitivity. Overall, EUR/USD is still in a downtrend on the monthly and weekly timeframes, and the price has made a pretty strong push continuously on the daily and weekly timeframes. We may see an exhaustion to the levels below this coming week.
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