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EURUSD SHORT POSITION TO 1.0700


EURUSD SHORT POSITION TO 1.0700

Euro Fx/U.S. Greenback FX:EURUSD
MahmoudMagdy

EURUSD struggled to wreck the resistance at 1.086 and has began to retract. The tepid upward thrust of the United States Greenback has ended in a defensive possibility sentiment, contributing to a modest pullback of EUR/USD to the 1.0830 area amid rising warning forward of the United States PCE unlock on March 29.
From a technical research point of view, the trail ahead for this forex pair turns out fraught with hurdles because the downtrend line stays lively. A persisted breach underneath the essential toughen stage at 1.080 may just precipitate a deeper slide.

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