EUR/USD Technical Analysis Forecast

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The EURUSD continues to appear to be forming a triangle on the daily charts. With expectations that this scenario will play out, a lower top is sought below 1.4580 over the coming sessions.

A bearish bias is warranted with the pair ending the week below both its 20 and 50 day SMA.

1.4460 and 1.4190 define the current boundaries of expected movement, with a break of either of these levels as repositoning the bias in the direction of the break. In this event look at the next level of targets as 1.4695 and 1.4000 respectively.

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