EUR/USD Analysis: Breached Short-Term Channel South

<p>On Thursday, the EUR/USD currency pair breached the short-term ascending channel south. During today’s morning, the pair pierced the 200-hour SMA near 1.1270. It is likely that the exchange rate could face the resistance formed by the 55– and 100-hour SMAs, as well the weekly R1 near 1.1300. Thus, some downside potential could prevail in […]</p>
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