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EURUSD Weekly Analysis - July 17, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 17 July 2016 15:01 UTC
EURUSD stays below the downward trend line on daily chart, and remains in downtrend from 1.1616. Further decline could be expected after a minor consolidation, and next target would be at 1.0600 area. Resistance is at the downward trend line on daily chart, only a clear break above the trend line resistance could trigger another rise towards 1.2000.

eurusd chart

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