The EUR/USD pair has been moving upward since about Q1 2017 as you can see on this weekly chart.
This upward trend has ended and the pair has now been trending downward for a good 2 months, confirmed by the fact that it went through the daily Ichimoku cloud the 25th of october testing the 23.6% fib retracement level at the same time (chart below). During this 2 months period, the price never really escaped the narrow downward channel that it is currently in. I expect most retracement of this kin…
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