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EURUSD Remains Inside Its Bear Channel

  • EURUSD has traded at a key short-term resistance of 0.9998, marking the top of a bear channel drawn from the Feb 10 high.
  • The 50-day EMA intersects just above, at 1.0004.
  • A break of both these resistance points is required to strengthen bullish conditions.
  • A reversal would instead highlight the start of a bear cycle inside the channel.

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