EURUSD – Moving lower in the wedge

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Monthly: Trading within a bearish channel formation. Trend line resistance is seen at 1.2355. Levels close to the 38.2% pullback level of 1.2522 (from 1.6038-1.0349) found sellers. The move lower is mixed and volatile common in corrective formations. Weekly: The RSI (relative strength index) his trading close to 50 highlighting that the major currency pair is non-trend. There is no clear in...

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