After 3 weeks of falls EURUSD has reached lower limit of bullish regression channel in which the price has been moving since December 2015. It is likely that rebound will occur because the price didn’t have any bigger correction since the beginning of current declines.
An important level is located at 1.1060, it should cause rebound. Support coincides there with lower limit of bullish regression channel. If it happens, EURUSD will reach even above May’s high.
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