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Back Fundamental analysis
EUR/USD. The pair under bearish control: is it worth entering short positions?
The euro–dollar pair continues to trade
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The euro–dollar pair continues to trade within the 17th figure, showing contradictory price action inside the 1.1700–1.1800 level. During Thursday's Asian session, the pair surged sharply to 1.1766, reacting to fairly strong PMI growth data from China. However, at the start of the European session the pair reversed and fell just as sharply, updating the intraday low. In just a few hours, EUR/USD buyers lost all the ground they had gained.That said, to confirm a downward trend, sellers need not
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Irina Manzenko,
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