EUR/USD dropped further lower to 1.1509 last week but formed a short term bottom there and rebound. Initial bias is neutral this week for consolidation and stronger recovery cannot be ruled out. But we’d expect strong resistance from 1.1822/1995 resistance zone to limit upside and bring fall resumption eventually. On the downside, break of 1.1509 […]

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Original source: https://www.actionforex.com/technical-outlook/eurusd-outlook/100728-eur-usd-weekly-outlook-70/

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