The euro against the US dollar index rose again yesterday. EUR/USD has been hitting 2017 lows all the way. The D1 chart is trending down. EUR/USD managed to break below a key support level. The bearish volume on the MACD indicator broke above the signal line and the downtrend is strong.
The RSI indicator on the H1 chart has now retraced to a safe position, which is conducive to pushing the price down further. And it was successfully broken below the horizontal channel yesterday.
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