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EURUSD






5/21/2020 6:42:17 PM

EURUSD - Technical Analysis: Thursday, 21/05/2020 22:42 GMT



The EURUSD pair tests the descending channel’s resistance and attempts to surpass it, but the exponential moving average 100 forms negative pressure to support continuing the bearish trend.

RSI indicator loses momentum, waiting to decline again to test 1.0860 initially.


Target
Risk


Support
Resistance


Trend Bearish

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