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EURUSD Daily Analysis - August 31, 2016

Short Term Forex Analysis | by ForexCycle.com | Wednesday, 31 August 2016 05:34 UTC
EURUSD's downward movement from 1.1366 extended to as low as 1.1132. Resistance is at 1.1210, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.1000 area. On the upside, a break of 1.1210 resistance will indicate that the downward movement had completed at 1.1132 already, then the following upward movement could bring price back to 1.1500 zone.

eurusd chart

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