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11/17/2015 1:44:51 AM

Euro continues to decline – Technical Analysis – 17-11-2015



The EURUSD continued its decline recently amid trading inside the descending channel that appears on the above chart, pushed negatively by the moving average 50, besides negative signals coming from stochastic, to break 1.0705 level yesterday and add more negative pressures.

Therefore, we expect more decline in the coming trading, targeting 1.0635 support line.


Target
Risk


Support
Resistance


Trend Bearish

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