EURUSD has been traded in range bound condition from several months. It has broken a range on the downside on 7th March, 19, but then it has entered to a new range, the upper boundary on the new range is 1.1450 and the lower boundary of the range is 1.1175. It is now heading towards the lower boundary, if it can break down successfully this area then we can expect more falling, but a rejection from this boundary we can expect the price to go up again targeting the upper boundary of the range.

forex technical analysis on eurusd
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