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| EUR/USD 4-hour chart, source:KR Futures |
EUR/USD, one of the major currency pair broke through 1.20 and the bottom line of triangle pattern in the weekly chart. The price is under the trend line made from late 2016 and it may be the strong sign of downward trend. But the trend is not changed at once. It is tested several times.
The price of the currency pair plunged under the support line and it seems to calm down. It may walk sideways. In four-hour chart, the price may rebound to upper band of bollinger bands at least. It can try to break through its 120 exponential- moving-average line, over 1.2160. And I think it sinks again.
It entered the mixed zone, it would repeat up and down and it will determine the trend. I think the direction go downward.
Before the trend is shown explictly, it is recommended just to watch the market.
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Gjallarhorn, Heimdallr, EUR/USD, EUR, Euro, 걀라호른, 헤임달, 유로/달러, 유로화
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