Euro Technical Forecast Speaking Factors
- Euro made cautious upside progress towards its counterparts this previous week
- EUR/USD reveals most potential for follow-through, EUR/JPY eyes Sep. line
- EUR/GBP falling in the direction of present 2019 lows, EUR/AUD stalls at resistance
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EUR/USD Chart Outlook
The Euro pulled off a cautious restoration towards the US Dollar in the direction of the tip of final week, probably setting itself up for a near-term reversal. EUR/USD has left behind a Morning Star which is a bullish candlestick sample that has additionally seen upside affirmation. However, the dominant downtrend could also be stored intact by a mix of the October highs (1.1164 – 1.1182) and a possible falling development line from June. Resuming the downtrend entails an in depth beneath 1.0989.
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