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EURUSD Trading Forecast for February 7, 2017

Short
FX:EURUSD   Euro / U.S. Dollar
Current decline we see suggests that EURUSD did topped at its 50% fibonacci correction. Price already broke past the yellow channel's outer boundary which means that the trend is bearish once again.

Happy trading everyone!

Comments

Hi mate. Nice analysis. Where do you anticipate the price will fall, roughly?
Reply
@mdavo79, initially at its 50% retracement, 1.0590 towards 1.0530.
Thank you for appreciating.
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