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Euro / U.S. Dollar
Short

EUR/USD:SELL From Breakout 1.0500 Support For A SHORT Setup

By FOREXN1
Updated
EUR/USD: The Dollar Index recovers value; the next target is 106.000 so all the pairs against the USD may have a drop today, this is the scenario for the EUR/USD inside a Bearish channel where in the last hours it started to make Lower-highs and Lower-lows where a possible breakout of the support at 1.0500 may let drop the price between 50 and 100 pips. Today the Economic calendar shows a full day of key events like the US Unemployment Rate, Average Hourly, Non-Farm Employment Change, and Unemployment Rate. Our forecast is bearish.
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Chart PatternsEUREURUSDForexforexsignalsFundamental AnalysissignalsignalssignalservicetelegramTrend AnalysisUSD
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