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EURUSD – Non-Volatile Bearish Trend (4hr chart)
Continuing its bear trend, the price action trend has been non-volatile and pretty stable with heavy imbalance in the selling. We talked about 1.0500/20 being a target which has now been achieved. The bounce off the 1hr chart has been weak and corrective, so a break below the ‘big figure‘ of 1.05 would not be surprising.
Regardless, it would increase risk further to the downside and put pressure on a much deeper move lower, perhaps to 1.01 or parity, which has been …... Keep reading