Looking at short-term chart since 17th April, one can easily draw the conclusion that EUR/USD is in a firm downtrend below 1.32. Bulls were mostly kept at bay below 1.3025 resistance (previous support from April 18 – 23rd) and a test on the aforementioned ceiling was made during London hours, with…

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EUR/USD Technicals – Bullish Breakout or Fakeout?
