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Back Technical analysis
EUR/USD Analysis for July 24th: Bears Strengthen Position Below Key Levels
On Tuesday, the EUR/USD pair resumed
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On Tuesday, the EUR/USD pair resumed its decline, falling below the 76.4% Fibonacci level at 1.0858. As a result, the downtrend may continue towards the next Fibonacci level at 61.8% – 1.0822 and towards the critical support zone of 1.0785–1.0797. With the pair now below the upward trend channel, my outlook is bearish. Although a rise is possible on negative news for the dollar, I do not anticipate it being significant enough to trade. The wave situation has
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Samir Klishi,
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