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EURUSD Daily Analysis - September 1, 2016

Short Term Forex Analysis | by ForexCycle.com | Thursday, 01 September 2016 02:40 UTC
EURUSD continued its downward movement from 1.1366 and the fall extended to as low as 1.1123. Further decline is still possible after a minor consolidation, and next target would be at 1.1000 area. Resistance is at 1.1210, only break above this level will indicate that the downtrend had completed at 1.1123 already, then the following upward movement could bring price back to 1.1500 zone.

eurusd chart

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