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EURUSD Possible correction after which new shorts break the support 1.2000.

EURUSD possible correction after which new shorts break the support 1.2000. After weaker data from the US PMI index is likely to see a correction to test the diagonal resistance at 1.2100, which will give us good prerequisites to sell items, then continuing the downward movement. Mario Draghi’s statement that there is a risk the central bank not to implement its program of maintaining price stability weaken the euro against the US dollar. MA50 moves under MA100 and MA200 4 hour chart and the RSI crosses the 20 level, which supports sellers.

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