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Under Pressure

EURO-DOLLAR TECHS

EURUSD is extending its slide today as the USD strengthens across the majors:

  • A weaker outlook in the pair follows Wednesday's sell-off that confirmed a bearish engulfing reversal candle and was reinforced by a momentum set-up known as bearish divergence between price and momentum.
  • This has exposed the next key support at 1.1711, Aug 12 low.

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