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| EUR/USD four-hour chart, source:KR Futures |
EUR/USD, one of the major currency pair rebounds on Wednesday, now. The oscillating property of the currency pair doesn't admit the plunge without rebound and the price rises after hit 1.1820s lowest level since January.
The pair may try to make the double-bottoms pattern in four-hour chart, and it has the possibility of attaching 120 exponential moving average line in one-hour chart. After its performance, it isn't certain where it goes. But the weekly chart and daily chart hints the downward trend.
After it broke through 1.20, it's natural to think the downward trend, I think. Before the downward trend is shown explicitly, it may go through the mixed term. If you don't have the position, you'd better just watch the market for a while.
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Gjallarhorn, Heimdallr, EUR/USD, EUR, Euro, 걀라호른, 헤임달, 유로/달러, 유로화
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