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Thomson Reuters
May 08 - 11:00 PM
EUR/USD - Looks Set To Continue In Bearish Weekly Channel
First appeared on eFXplus on May 08 - 08:45 PM
  • EUR/USD bearish bias likely persists on weekly chart
  • US-China trade spat may worsen, lead EUR/USD to 1.1000
  • Fri close below 1.1186 will break Fibo support
  • Would also validate weekly Bollinger downtrend channel
  • But a closing above 1.1220 would nullify bearish channel
  • Germany March exports data on Fri may add selling pressure

EURweekly: Click here

Source:
Thomson Reuters IFR Markets

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