Trend reversal on the cards here as price has made a sharp rejection to the weekly trendline, now at the bottom of the daily channel. A breakout of support structure along with the channel will confirm dollar weakness ahead for the upcoming weeks or even months..
A selloff in the dollar will cause euro to boost as they are both inversely correlated.
A selloff in the dollar will cause euro to boost as they are both inversely correlated.
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Weekly: Bearish rejection off the weekly trendline
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