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Trading Recommendations and Trade Analysis for EUR/USD on June 2. Euro Starts with a Decline
Analysis of EUR/USD 5M
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Analysis of EUR/USD 5M The EUR/USD currency pair fell to the 1.1615-1.1625 area on Monday, showing a decent decline, but overall, the technical picture has not changed at all, as indicated by the hourly timeframe. Essentially, the pair continues to move sideways with a minimal upward slope. The price has failed to consolidate above the Senkou Span B line, therefore the downward trend is formally maintained. On Monday, the macroeconomic backdrop supported the decline of the European
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Paolo Greco,
Analytical expert of InstaForex
© 2007-2026
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Stanislav Polyanskiy
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