Forecast and technical analysis EURUSD on August 16, 2018.

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EURUSD: technical setup on the euro favours the bears

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On Wednesday the 15th of August, trading on the euro closed slightly up. On the back of some partial profit-taking following the pair’s recent collapse, the pair has now recovered from 1.1301 to 1.1345. The Turkish lira has stabilised at around 6 lira to the US dollar, which, along with the downwards correction on the dollar in response to the drop in US bond yields, has provided the euro with a boost.

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