Forex Technical Analysis - RCPL Forex

Euro: Euro further declined yesterday by 147 pips to touch the low at 1.4555 in the late US session. The 4-hourly and the daily chart are showing selling pressure with next immediate support at 1.4376 (100 weekly EMA & 38.2% of the rise in monthly charts) where opportunities to long can be considered. (Eur/Usd: 1.4582).


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