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I've been trading for 15 years, so I have a lot of things to share. I use the classic technical analysis, which is one of the most powerful tool for any trader.

EUR/USD: new low coming soon

EUR/USD: new low coming soon

The price faced a support at 1.1160, so we’ve got a local consolidation. Considering a bearish “Triple Top” pattern, the market is likely going to falling down in the short term. If we see a pullback from the next support at 1.1130, there’ll be an opportunity to have an upward correction.

EUR/USD: new low coming soon

The pair is moving up and down between a support at 1.1152 and a resistance at 1.1176. Therefore, the market is likely going to reach the closest support at 1.1130 shortly. At the same time, if a pullback from this level happens, bulls will probably try to deliver a new high.

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