EURUSD outlook by

EURUSD bounced of its strong support level – area of 1.2940 ,one year-low, and was stuck in horizontal trend during entire week.

From technical point of view only feasible scenario on main pair’s chart is continuation of long-term downward movement. Still, there are factors that have to confirm bearish scenario on main pair. The strongest confirmation of downtrend might be firm breach of 1.3000 level – strong both technical and psychological support.




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