EUR/USD – H4 chart shows downward trend that was created after the German election. Yesterday there was a small correction, today the price returns to declines. It seems that the last low may be broken which will lead pair to declines with target at the mid-August low so consider the option PUT.


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NZD/USD – similar situation also occurs here, the weakness of NZD is also related to the election in this country. Technically, there was a break-down from the growth channel, re-test and further declines. It seems that the downward trend will be sustained. It is worth considering PUT option.

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