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Considering Euro Long

Considering Euro Long

Joel Kruger, Technical Strategist

The trend has been intensely bearish but if the market can hold up at current levels and close back above 1.2820 on Thursday, then it would trigger a double bottom on the daily chart opening a retracement back towards the 1.3000 area. This of course is a big "IF" and we only recommend considering a Euro long should this break in fact happen.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.