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> EUR/USD Technical Analysis - July 13, 2017
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EUR/USD Technical Analysis - July 13, 2017

ArgusFX

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General Analysis

The EUR/USD trades within a bearish formation since yesterday's trading session, with the pair decelerating from as high as 1.1490 to as low as 1.1410.

EUR/USD stable above 1.1410

The recent stability close to, and above, the 1.1410 level is an indication that the buyers will likely retrace the pair boosting the price to the 1.1470 zone.

Probable Scenario

In the event where the upside pressures intensify and the buyers take the lead, the pair may aggressively accelerate as high as 1.1470.

Alternative Scenario

In contrast, should the sellers take over, and the buyers fail to hold the price above the 1.1410 zone, the EUR/USD could decline to as low as 1.1345.

Today’s Key Events

There are no key releases on the euro

Fed’s Yellen Speech is expected to have a strong influence on the U.S. dollar

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ArgusFX Review

Source: https://www.argusfx.com/en/research-education/market-analysis/technical/eurusd-technical-analysis-july-13-2017
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