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Back Technical analysis
EUR/USD – Smart Money Analysis: The Euro Remains Under Significant Pressure
EUR/USD made another reversal in favor
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EUR/USD made another reversal in favor of the euro toward the end of last week after liquidity was swept below the latest swing low. This created technical grounds for a recovery in the European currency, and the expectation remains that the bulls will eventually launch a sustained advance. In this view, the bears have maintained their pressure for too long and with too little resistance, while the news flow over recent months has not been so one-sided as to justify
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