ForexTrendline

EURUSD is heading towards 1,0400

FX_IDC:EURUSD   Euro / USA-dollar
EURUSD continues the downside move with almost no pullbacks.
We're expecting the same thing today and a move below 1,0500.
The next support level is the low from December at 1,0400.
We're expecting a test of those levels and possibly a breakout as well.

Before that we could see a deeper pullback due to traders collecting profits. That normally happens at the end of the week or the end of the month.

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