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EURUSD






1/16/2015 2:24:16 AM

EURUSD - Technical Analysis: Friday, 16/01/2015 07:24 GMT



The descending channel’s support line was broken, to open the way to extend the bearish trend towards the next target at 1.1425.

The bears’ power indicator rise and the negative pressure coming from the exponential moving average 50 are supporting the expected decline.


Target
Risk


Support
Resistance


Trend Bearish

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