09.09.201111:41 Forex Analysis & Reviews: EUR/USD Intraday Technical analysis

Long-term review

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The spot rate broke the intermediate support of its medium term bearish channel in 1.3960 suggesting an acceleration to the lower limit of its channel to 1.3710.

According to previous events, the market indicates a bearish opportunity on the levels of 1.3960 with a 1st objective of 1.3850, then 1.3820. A break in 1.3990 would invalidate this scenario.

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