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| EUR/USD 1-hour chart, source:forexfactory.com |
The price of currency pair EUR/USD has shown the downward trend. But the trend is not clear in one-hour chart.
The price seems to face the correction. The correction may lead short-term upward or strengthen the trend. The 20-moving average line directs down and it makes to be guessed weak Euro.
If the trader doesn't have the position yet, it is necessary to watch the market and wait till confirming the trend.
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