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EURUSD : Bearish Trend Remain Intact

EURUSD is trading within a rising wedge since 2-3 sessions. A rising wedge gives a bearish signal according to which the pair should break the support trend line of the wedge and move down. The pair should break the support trend line and continue to move in downward direction. From the stochastic oscillator also the signal trend line is above the moving average trend line showing the continuation of downtrend. The nearest support level the pair will find if it breaks the support trend line of the wedge is at 1.3749.