EUR/USD Analysis: Could Trade Downwards

<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>
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