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Decline

28 January 2016, EUR/USD

Decline

The four-hour chart EUR USD. The pair is still in the resistance area formed by the SuperTrend lines. The pair has failed to gain foothold above this resistance area. After a slight upward pullback we expect resumption of the downward movement. This option will be canceled if the price consolidates above the Weekly Supertrend line.

Trading Solution: None

Nikolay Krishtopov
FreshForex Analyst
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