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The Eur/Usd is moving in a descendant channel, and had just attempted to break to the upside, but quickly come back. Quoting around 1.2630, the pair remains under bearish pressure, and contained by this descendant trend line that will need a strong confirmation to be consider broken. As long as the pair remains under the 1.2680/90 zone, chances are to the downside, with supports, from actual price at the zone @ 1.2600, 1.2580 and the congestion zone between 1.2545/60. under this last, the pair will be breaking the floor of the formation, and could easily run to 1.2510 first, and 1.2470 finally. On the other hand, indicators are slowly turning to the upside, yet not clear rallies from here: only above 1.2690 the pair could attempt to reach 1.2720, zone and above it 1.2756.
