EUR/USD Analysis: Could Trade Downwards

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<p>During Wednesday morning hours, the EUR/USD currency pair bounced off the 1.2170 level. It is likely that some downside potential could prevail in the market due to the resistance area formed by the 55-, 100– and 200-hour SMAs, as well the weekly PP in the 1.2130/1.2160 range. Note that the exchange rate could face the […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/356127-eur-usd-analysis-could-trade-downwards-2/">EUR/USD Analysis: Could Trade Downwards</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>

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