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EUR/USD Tests Support

EUR/USD has been selling off over the last few sessions but not enough to make a sell signal on the Sea Lion Indicator. Instead it is just a dip in the short term uptrend which with this mornings trend line remains intact. In the bigger picture the EUR/USD continues to decline against the dollar. Since we look for longer trends the question is: Has the Euro finished its counter trend move of is there still more upside left? The Andrews Pitchfork leads me to believe there is some more rallying before resistance is met. See the charts.

 

EUR/USD tests support