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Thomas Long, Course Instructor

In spite of any talk about a stronger EUR, this pair just printed a new 4-year low yesterday at the 1.2110 level. That does confirm the downtrend, which shows no sign of ending. Tomorrow we will take a look at one way to trade a news release, but in the meantime my bias remains to the downside as long as the pair remains below the 1.26711 high noted on the chart.

eurusd 060210


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