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1/16/2019 1:04:24 AM

EURUSD - Technical Analysis: Wednesday, 16/01/2019 06:04 GMT



Failing to consolidate for long time above the descending channel’s resistance pushes the price to decline again, and 1.1440 level is broken to face more negative pressure.

The next target reaches 1.1180, while surpassing 1.1490 will lead the price to attempt to rise again.

 

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Target
Risk


Support
Resistance


Trend Bearish

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