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Decline

Decline | 04 January 2016

04 January 2016, EUR/USD

Decline

The four-hours chart of EUR USD. The target on the Day SuperTrend line has been reached. Moreover, the pair broke this level thereby opening the way for its further decline. Upward corrective pullback is being formed now, but the downward movement may be resumed from the current position.Target for drop is the main support level (0/8).

Trading Solution: None

Nikolay Krishtopov
FreshForex Analyst
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