EURUSD is moving lower and testing the downside trendline it broke out. The market may be forming a flag pattern of a retracement or the market may turn bearish. The price had now narrow at the flag and awaiting a breakout. The support is at 1.3250 and resistance is at 1.34. If the breakout to the downside occurred, the pair next support is at 1.318 area.
EURUSD in a daily candle show a bearish candle and also a dark cloud cover pattern. The support is at 1.31 and resistance at 1.3425.
By The Backyard Burner
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