Technical analysis of EURUSD for 05.16.2019

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EURUSD: intraday bullish model on the euro

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On Wednesday the 15th of May, trading on the euro closed down by just 3 pips. During the European session, the EURUSD rate dropped to 1.1178. In the US session, the bulls recovered their losses on the back of news that President Trump will delay his decision on car tariffs by up to 6 months. An official statement is expected on Saturday.

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