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EURUSD - Long-term downtrend and here's why

Amid the headline reaction in EURUSD caused by the Greek tragedy, looking longer term a downtrend is also returning according to Thomas Light from Faraday Research.

Using the weekly and daily charts to illustrate his trade, Thomas shows that recent price action has formed a lower swing high and is now breaking below the retracement line.

The scope for further upside has been reduced says Thomas and he expects prices to rollover during today's European session.

01:05 minutes
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