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20.01.202216:04 Forex Analysis & Reviews: EURUSD bounces after the short-term sell off to 1.1315.

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EURUSD is trading again above 1.1350. Price had broken out of the bearish channel only to find itself back inside it after one session. EURUSD trend is still not clear as price has re-entered the bearish channel.

Black lines- bearish channel

Green line -support

EURUSD continues to respect the green support trend line. This trend line is important for the short-term. Holding above it will help EURUSD push above the bearish channel once again. Failure to stay above the green support at 1.1298, will increase the chances that the break out of the bearish channel was a fake one.

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