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Thread: Euro/dollar COMMENTRY

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    Default Euro/dollar COMMENTRY

    Euro/dollar
    The euro/dollar sank to a three-month low on Thursday and it practically reached the target of the double top at 1.3350 before recouping losses into the close. So, the market behaved as expected. It is severely oversold in the short term and I think it should recover today. Following this bounce, the sell-off should continue

    Below 1.3363, support comes at 1.3353. A pivot low is at 1.3264. Distant support is at 1.3115.

    Strong resistance is at 1.3480. 1.3555 follows this. The next level is 1.3600. This is followed by 1.3640 and 1.3695. Only a break above 1.3750 would negate the double top, but this is unlikely.

    Oscillators are declining.

    NEAR-TERM: Mixed
    MEDIUM-TERM: Bearish
    LONG-TERM: Bullish

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    Default

    yes its true

    NEAR-TERM: Mixed
    MEDIUM-TERM: Bearish
    LONG-TERM: Bullish

    AND I THINK SO

    It is severely oversold in the short term and I think it should recover today. Following this bounce, the sell-off should continue

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