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EUR/USD – Trading Tips Aug 30

Short
FX:EURUSD   Euro / U.S. Dollar

So far, the EUR/USD has traded exactly in line with our forecasts. A follow-through weakness below the 1.1075 horizontal support has extended the sell-off until our target level of 1.1040 and now, the market is likely to head for 1.1010.

Therefore, consider staying bullish above 1.1065 to target 1.1110. Whereas selling can be seen below 1.1065 until 1.1010.

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