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EUR/USD Trend Analysis in the Upcoming Period

Euro / Dollar Américain (OANDA:EURUSD)  
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OANDA:EURUSD   Euro / Dollar Américain
Trend Analysis Chart Patterns Technical Indicators EURUSD Relative Strength Index (RSI) resistence support analysis buy SELL Forex
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trendanalysis chartpattern indicator eurusd relativestrengthindex resistence support analysis buy sell forex
EUR/USD dropped below 1.0700 following the subdued remarks from ECB policy maker Stournaras, putting pressure on the Euro. The divergent policy outlooks between the ECB and the Fed have increased the downside risks for this currency pair.

Looking at the chart, the price is still maintaining a downward trend. However, the Relative Strength Index (RSI) is currently in oversold territory, indicating signs of a potential correction and subsequent rebound before a strong resumption of the downtrend.
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