Valeria Bednarik, FXStreet's own Chief Analyst writes: “The 4 hours chart for the pair shows that it is at risk of extending its decline, as technical indicators maintain their bearish slopes in negative territory, although the path is not that clear, as the pair has several supports accumulated in a tight range, a bullish 100 SMA, a daily ascendant trend line, and multiple lows in the 108.70 region, from where the pair has been bouncing this month.

no matter you believe it or not, I think this is crap.
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