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Blue lines - bearish channel
The EUR/USD remains in a bearish trend below the 4-hour Ichimoku cloud resistance. Price remains trapped below the broken triangle pattern and inside the bearish channel. Short-term resistance is found at 1.1570 and next at 1.1630. Support is found at 1.1530-1.15. A break below it can open the way for much lower towards 1.13.
The material has been provided by InstaForex Company - www.instaforex.com