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EURUSD is still on its way down

EURUSD Tech analysis by Simon Kazinsky on 21:08 February 15, 2015 EST

EURUSD is still in a clear downtrend and there is no indication yet to suggest that the move is over. Price remains below all relevant moving averages being the first resistance at around 1.165

Retail traders are short on EURUSD though.

Ultimately, below 1.22 the overall picture remains bearish.