last month Eur/Usd respected the upper band of the weekly channel, last week eur tests 36.00/20 for 4 days and fail to break today bears were in control and this indicates that the bulls are no more interested to buy euro at high prices, the first support zone around 34.90 and next 34.00/20, the next scenario could be that the push up from recent lows to 36s is a correction and a big move down is on the way for at least 1.31 and 1.29 the lower band of the channel on the other hand bulls have to hold 34.90 to push the prices up and break 1.36 to keep the pressure for retesting 1.38 again
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