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EUR/USD turning lower from trendline resistance
The pair has been attempting to break through trendline resistance this morning, with EUR/USD having bounced from the key $1.2334-$1.2323 support zone.
A fall below there would create a double top formation, bringing a bearish outlook for the short term. However, until we break that level, there is always a chance we will push back into the bullish long-term trend. For greater directional confidence, watch for an hourly close above $1.2434 (bullish), or below $1.2323 (bearish).