Forex Technical Analysis - RCPL Forex

Euro: Euro made fresh 2 year low at 1.3879 yesterday against the greenback though weaker US jobless claims and Trade balance helped it to retest 1.40 levels. Intraday shorts can be considered at 1.4060 levels (21 4-Hourly EMA) as Hourly & 4-Hourly charts are correcting towards the overbought region targeting 50 pips. (Eur/Usd: 1.3990).




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