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Eur/Usd is still showing little sign of recovery, and remains bearish
The next technical target for this pair is around the 1.23 level - as I shall explain
On the monthly chart we can see a wedge pattern, and lower border support growing near:
I believe this lower border will be eventually challenged:
Eur/Usd monthly chart
On the weekly chart we can see the fibonacci retracement levels of the last big move up,
we also see that the RSI is low, and MACD signal is bearish
…
The next technical target for this pair is around the 1.23 level - as I shall explain
On the monthly chart we can see a wedge pattern, and lower border support growing near:
I believe this lower border will be eventually challenged:
Eur/Usd monthly chart
On the weekly chart we can see the fibonacci retracement levels of the last big move up,
we also see that the RSI is low, and MACD signal is bearish
…