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Currency Analyst since 2010

Euro's falling again

EUR/USD has made a U-turn down, while USD/CHF reversed up.

Resistance at $1.3580 proved to be too strong for the bulls and it took minutes for the bears to retrace the recent bounce. Bigger than expected trade surplus didn’t help the single currency.

Support is at $1.3510, $1.3500, $1.3476. Resistance is at $1.3580, $1.3600 and $1.3620.

Chart. H1 EUR/USD

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