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EURUSD D1: At The Support

FX:EURUSD   Euro / U.S. Dollar
99 2 5
EURUSD             has been falling down as fast as it was going up. Currently it's sitting at an inflection point: if it continues lower, it will probably break through the 1.1 level and test the lower border of the channel. However the support coming from two intersecting trendlines , after some vacillations, may give it at least a temporary stop, allowing for some correction to the upside.
BIG UP: BIG DOWN = BIG CONFUSION = TRADING RANGE NEXT! Now we're waiting for that equal fall to where we started from.
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ForceFollower moorekapital
Thank you for your comment.
Yes, the odds seem to be stacked against the buyers. But as you said, there is a big confusion about this market now. We're dealing with an uncertainty, but anyway I expect a small correction, a rally at least up to 1.13, before the further decline resumes.
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