The euro tried to overcome the weekly pivot level of 1.3119 but failed. This day it is trading with continued downtrend. On the other hand, above the psychological level of 1.30 it will force upward, though it will only a part of a rebound or a pullback, since the level of 1.3160 is a resistance. The pair has to break and close above this level to be very bullish. You can see from the chart this level, since in the past weeks it proved to be strong until it was broken and now it will overcome resistance. At the fundamental level, there are many risk holders and as a result I think the market will most likely fall even during the following sessions. Therefore, we must be very cautious, operate according to the trend, always sell resistance levels, and observe the level of 1.2986 (moving average 50 days), 1.30 psychological level, 1.3150, and 1.33 strong resistance level.
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