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EUR/USD Struggling To Hold Ground

Price rebounded in the previous week and tries to reach and retest the upper median line (uml) of the minor ascending pitchfork, where he may find resistance again. A retest followed by a minor decrease will signal at drop at least towards the 1.1711 static support and towards the median line (ml) of the minor ascending pitchfork. The perspective is bullish as long as is trading above the median line (ml).

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MultiBank Exchange Grouphttp://www.mexgroup.com
Multibank Exchange Group (MEX Group) is a multinational financial derivatives dealer. Established in California in 2005, MEX has offices in several countries around the world, including the US, the UK, Australia and China. Mex Group is regulated by the Australian Securities and Investment Commission (ASIC) in Australia, the Ras al Khaimah Free Trade Zone (RAK) in the United Arab Emirates and the Financial Services Commission (FSC) in the British Virgin Islands.

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