EUR/USD Pair Has Potential For The Downside Movement Today
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Technical analysis:
EUR/USD has been trading upside in the background but I found rejection of the key resistance Fibonacci zone at 1.0720
Due to the rejection of the key resistance zone and overbought reading, I see potential for the downside movement today.
Downside objective is set at the price of 1.0580
Stochastic oscillator is showing fresh downside cross, which is another good sign for the further downside movement.
Key resistance is set at the price of 1.0720/40
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