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Decline

24 December 2015, EUR/USD

Decline

The four-hours chart of EURUSD. Having bounced off the resistance level (2/8), the pair continued to move down. It had stopped on the first level of support which is represented by the Weekly Supertrend line. But it is worth noting that this is not the strongest level in system, so in the near future we expected the second attempt of the price to approacj this mark, followed by its breakdown.

Trading solutions: None

Nikolay Krishtopov
FreshForex Analyst
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