Euro Dollar pair crossed the key support line

Trading Talks EUR/USD September 30

Euro Dollar finally breaks the low and the key level of 1.1600, and also EMA200 on the weekly chart. This provides a sell opportunity, with the closest level at 1.1480 which will be a correction covering of 50% of the previous upward movement. And below level is further 1.1280. MACD does not give signals for reversal and RSI has not yet reached oversold levels on weekly, so I think there is still time to sell.

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