EURUSD technical outlook
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Key Resistance: 1.1616 (High of 3rd May)

Selling Zone: 1.12300; Broken trend line which turned into resistance

Minor Support: 1.09120; low of 24th June

Figure: EURUSD technical analysis, daily

The EURO has suffered huge drawdown against the mighty dollar in the event of a major economic news release on 24th June; 2016.The medium-term uptrend in the daily chart of the EURUSD pair tends to be at risk since the price has clearly broken the trend in the daily time frame.…