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EURUSD Sharp Movement Downside

By DailyForex.com

By: Investija
EURUSD Technical analysis

EURUSD after sharp movement downside near support level, bulls made a recovery progress. At the moment waiting option is better to take while low trading range will end up. Further bouncing is expected.

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USDJPY Technical analysis

USDJPY-Positive trend remains strongly enough in order to support bulls side. More confidence for bulls remain above 90.76 price level. At the moment bears are sleeping and buying opportunities are on a table.

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USDCHF Technical analysis

USDCHF-According to the long positive trend, bulls remain in better position. However, resistance level at 1.0495 is blocking the road for bulls side in order to extend their current positive movement.

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GBPUSD Technical analysis

GBPUSD-Negative trend continues further for this pair. While trend line is not broken, bears are controlling the situation. At current situation, bulls are sleeping. Short positions are on a table.

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