EURUSD's down trend extended further to as low as 1.4309 level. As long as the down trend line from 1.4966 to 1.4750 resistance holds, we'd expect down trend to continue, and further pullback towards 1.4000 area to reach the next cycle bottom on daily chart is still possible. For long term analysis, the pair formed a long term cycle top at 1.4966 on weekly chart. Down trend is expected to follow, long term target would be at 1.2950, followed by 1.2150.
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