MattGo

12/12/2019 EURUSD Analysis

OANDA:EURUSD   Euro / U.S. Dollar
The EURUSD has been very gradually grinding lower within a very narrow downward sloping range. Price has recently failed to make a lower low, although this could just be a part of an extended move lower. Price is currently testing the upper trend-line; a break and consolidation above this could see either a new sideways consolidation phase or a move back above 1.1200.

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