EUR/USD looks vulnerable after the recent consolidation

The EUR/USD consolidated its previous losses and stabilized below 1.1600. What’s next? Rising may be harder than falling. The Technical Confluences Indicator shows that that the pair faces a dense cluster of resistance lines at 1.1580 which is the confluence of the Simple Moving Average 100-15m, the Fibonacci 61.8% one-day, the Simple Moving Average 50-15m, the SMA 200-15m, the SMA 5-4h, […]

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