TheBanker

an extraordinary pair (part II)

Short
FX:EURUSD   Euro / U.S. Dollar
As I am sure you are aware the pair came up against the lower bound of the multi decade trend near the 1.03 handle late last year. It has also tested a descending channel limit on the daily chart around that time leading to an initial rebound.

It is important to realise that a larger correction is not expected so long as support at recent lows of 1.0350 remain intact.

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Best wishes

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