Weekly- euro is oversold and buy from long terms

Weekly- euro is oversold and buy from long terms

Weekly Eur usd forex technicals for 21 to 25 November 2016

Eur usd forex pair this week closed with heady loss. Euro is trading at 1.0583 and technically oversold. Eur usd in last 2 weeks tumbled from 1.13 to lows of 1.0550. Eur usd on downside have support at 1.0430 and 1.0200 which are previous major lows as well as target zones for current bearish move. But from long term view, euro looking undervalued and remain buy on dips for targets 1.09 and 1.13.

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