Euro / Dollar AS

EUR/USD the aftermath of Last Week's news

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We can see that there was an overall upward trend after last week's tough news which was negative for the USD. This week we are looking forward to buying after the highlighted area to re-test the strong resistance lines. The alternative scenario that we might see by Monday is the price moving bearish towards re-testing the upwards trend as you can see in the graph.

Trade safely, good luck.

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