Yasmeen Imad
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Technical thoughts on EUR/USD

EUR/USD yesterday confirmed my expectations - first went down for few hours, then bounced back close to 1.314 (not as high as I thought, but still a noticable rebound). Now we can see on 1-hour chart that the pair has stuck near strong resistance 1.313, and looks like we'll see few bearish hours ahead. It seems unlikely that the pair will break out of the current horizontal channel today...