EURUSD remains neutral long term on its 1W technical outlook (RSI = 50.693, MACD = -0.006, ADX = 32.863) despite the recent 2 week rally. As it approaches its 1W MA50, we expect it to resume the bearish trend as both previous Bear Cycles did in July 2021 and September 2018. Having been supported by the 1W MA100 in both last July and June, we expect this rejection to lead the pair even lower, to the former HL support (TP = 1.10700) as per both prior Bear Cycles.


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