Chart of The Day $EURUSD 1-30-2017

On the EURUSD daily chart, we can see that the pair is rejected from the previously broken multi-month wedge line 1.0780 level, which is close to 100 SMA 1.08140 level. The pair is still in the ascending wedge (usually bearish) and we need to see a close below 1.0650 for the downside continuation.

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