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EURUSD Forex Analysis May 29 - June 2, 2017

FX:EURUSD   Euro / U.S. Dollar
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A market that rapidly increase typically followed by rapid decrease or sideways movement. Now that we have seen a sign of weakening, we are possibly seeing a retracement. In addition, we only see 1 major risk event regarding EUR and if the speech of Draghi will be dovish, we just need to monitor what will happen to the greenback.

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In lower time frame, we are seeing a Descending Triangle Pattern which suggests that a break below the support line could potentially continue the recent bearish momentum.
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