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Technical oscillators support the bearish trend for the currency pair

Published 06/15/2008, 08:00 PM
Updated 04/25/2018, 04:40 AM

EUR/USD – Market strategy can be a sell at the level 1.5425

Technical oscillators support the bearish trend for the currency pair

To support our technical analysis we will use oscillators such as MACD (Moving Average Convergence Divergence); we see that the selling pressure is still gaining traction; also we notice that the signal line is under the long EMA line and both are under the zero line and in a negative trend, revealing a bearish trend. RSI gives us the power of the market; its line is in a bullish direction, but looking for a rebound.

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