EUR/USD- Fell from its resistance as Predicted, What now?
The EUR/USD fell from its resistance zone on a 30 minute time frame as predicted. This resistance zone was given in our analysis on the 4th of December.
The pair is finding its support near the 50 day (shown in green) and 100 day (shown in yellow) moving average, but a break of these averages will be a further confirmation of the weakness in the price. However, if the pair does bounce back from this support, the resistance at 1.3636 could still act as a major hindrance for the upside
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