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Scandex Market Update – June 23

Scandinavian Capital Markets

After Friday’s action, the extent of today’s USD drop was a surprise. Additional EURUSD downside is possible though if price reverses right now, which is the 200 hour average, upper parallel of the short term bearish fork, 75 line within the channel from the March low, and VWAP from the June high (see below). Bottom line, the current level is important so let’s see what happens here before determining strategy.

Scandinavian Capital Markets Review

Source: https://scandex.com/2020/06/23/market-update-june-23/
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