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    EUR/USD Price Analysis

    WikiFX   |   2021/1/18 2:16:27
    Abstract：EUR/USD takes offers near 1.2065, down 0.10% intraday. In doing so, the currency pair drops to the fresh low since early December 2020 while stretching Friday’s downside break of 50-day SMA.

    　　EUR/USD takes offers near 1.2065, down 0.10% intraday. In doing so, the currency pair drops to the fresh low since early December 2020 while stretching Fridays downside break of 50-day SMA.

    　　In addition to the successful break below 50-day SMA, descending RSI line, which is far from oversold conditions, also back the EUR/USD bears in attacking 38.2% Fibonacci retracement of an upside from November 2020 to the monthly high.

    　　During the EUR/USD upside beyond 1.2130, the previous months top near 1.2310 and the monthly peak surrounding 1.2350 can lure the bulls.

    EURUSD_18012021-637465253151603574.png

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