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EUR / USD and “Head and shoulders”


EUR / USD exchange rate continues to fall, breaking the long side channel down. The movement of the pair is very active with the potential to continue. Now the dollar price is in the level of June last year. On the daily chart we can see a distinct technical pattern “Head and shoulders”, which also show to the continuation of the down trend. The nearest support is 1.1277, next level is 1.115. These are the levels of the last year.

EURUSD forecast

EURUSD forecast

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