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EUR/USD - Hourly chart shows more decline in EUR/USD

Published 12/18/2007, 07:00 PM
Updated 04/25/2018, 04:40 AM

Hourly chart shows more decline in EUR/USD while strong support level stands at 1.4365.

Technical Inicators that support a bearish tendency are:

RSI pointing down to overbought level

Momentum oscilator broke the zero line down

MACD - EMA`s after a bearish crossover and close to break the zero line

In spite of all, the pair trade in the low bollinger band and can correct up till the resistance level of 1.4430 a bounce will be strong sell point.

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