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EUR/USD Down trend in 4 hours chart
Thursday, July 30, 2015 1:18
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Trend is bearish in EUR/USD currency pair in four hours time frame. Vital resistance could be seen at 1.1128 price level. Currently; price of Euro is going down. Based on Elliott wave analysis, current price action is most probably going to hit 1.0795 area and may be a bit lower than that. However; if price is going to break above 1.1128 key resistance level then I would prefer to stay out of the market and re-analyze the price action.
Source: http://www.fxinstructor.com/blog/eurusd-down-trend-in-4-hours-chart
