Dmitriy Gurkovskiy | Sep 11, 2020 10:27
EUR/USD
The currency pair is developing a downtrend, correcting the preceding medium-term uptrend. Yesterday the market demonstrated an inner pullback after a convergence on the MACD, setting the borders of a new descending channel; however, today the quotations are returning to the support level at 1.1798 that they have already tested. In the short term, the quotations have a chance to rise again to the resistance line and 1.1900 but after that, they will decline to break away 1.1798 and proceed deeper down to 1.1700.
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