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EURUSD gets rejected at descending trendline
video EURUSD has been in a steady retreat after peaking at the 18-month high of 1.1275, generating a series of lower highs and lower lows. Although the pair managed to find its feet at the 10-month bottom of 1.0447, its recovery faltered after hitting the descending trendline that connects its recent lower highs. Should the bears attempt to push the price lower, the September support of 1.0487 could prove to be the first barrier for the pair to clear. A violation of that floor could pave the way for the 10-month low of 1.0447. Piercing through that region, the price might then slide towards the November 2022 support ... (full story)