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EURUSD – Retesting the Trend Line

Razvan Mihai

Analyst

The euro dropped 50 pips after the release of French and German PMIs because of all of them missed their estimates. The price action shows that currently EURUSD is trading close to the uptrend line, which might be a very good support if it is combined with 1.0923 local support level. A break below this area, marked with a triangle could signal a further drop of the Euro towards 1.0900.

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