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Back Fundamental analysis
EUR/USD firmly on bearish path
The EUR/USD pair is going on with
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The EUR/USD pair is going on with its plunge, breaking through every support level along the way. Currently, the instrument is attempting to consolidate below 1.0530, which corresponds to the lower line of the Bollinger Bands indicator on the 1-month timeframe. Once this target is breached, this would pave the way toward the next support level at 1.0450 (the Kijun-sen line on the monthly chart). From there, it's just 450 pips away from parity. Given the strength of the downward momentum, reaching the 1.0000 target seems only
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Irina Manzenko,
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