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The key view we see here is EUR/USD having broken out of its ascending channel really strongly. The RSI has broken below previous supports as a pre-signal of a drop to come. We turn bearish for a drop to 1.0700, which is the channel lower support.
Trading Recommendations:
Sell now and add to your positions below 1.1400
Stop loss at 1.1400
Take profit at 1.0700
The material has been provided by InstaForex Company - www.instaforex.com