EURUSD Analysis.
EURUSD’s down trend extended further to as low as 1.5516. Rebound from 1.5516 is treated as consolidation to the down trend. Near term resistance is now at 1.5693, as long as this resistance holds, we’d expect down trend to resume and deeper decline to test 1.5342 (Mar 24 low) support is still possible after consolidation.
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