EURUSD – Bearish pressure continues to build

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Technical Monthly: Trading within a bearish channel formation. Trend line resistance is seen at 1.2546. Levels close to the 38.2% pullback level of 1.2522 (from 1.6038-1.0349) continue to attract sellers. Consecutive negative months have been followed by a doji candle. Weekly: After posting a bearish Outside Week (week 16th April) the major currency pair has broken the Ending Wedge forma...

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