Breach of support line imminent by EUR/USD
EUR/USD is moving towards the support line of a Channel Down which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If EUR/USD continues in its current trajectory, we can expect it to reach 1.0904 within the next 2 days.
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