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EURUSD potential for further downtrend | 1st Dec

EURUSD potential for further downtrend | 1st Dec

Price is trading in a descending channel and near the sell entry price of 1.13728 which is also 38.2% Fibonacci retracement and 78.6% Fibonacci projection . Price can potentially dip to the take profit level of 1.12615 which is also 61.8% Fibonacci retracement . Our bearish bias is supported by stochastic indicator as it is near resistance level .

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