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Holds a commerce degree in accountancy and macro economics. Finance passionate and full time trader. Hands on expert in futures, binary options and currency spot trading.
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EURUSD, as expected, rebounded from the lows and reached strong resistance level of 1.2580 in today’s session. This would complete the triangle of flag pattern and suggest that downtrend would be resumed. We expect this market to make another multiyear lows in the coming weeks. In the long run, downside could be ...
It seems that EURUSD could have some upside steam after breaking out of long lived consolidation pattern. As the mid-long term downtreand must be assumed, the pair could find some bid. Any close below the recent triangle would suggest further decline.
There was no much movement in this market since the last update. EURUSD keeps to consolidate around the current levels.
The pair created a clear triangle and it’s ready for a move. As the downtrend is intact, short positions are recommended.
The break below 1.2410 would suggest more downside towards the nearest ...