Update on "Competitive Depreciation" EUR/USD

After breaking an extremely important support I have expanded the "Competitive Depreciation Band" It seems that a new area of support has been referenced and hold on for the moment.
The oversold situation seems to slowly change directions. Meanwhile the volume that pushed the Euro at his lows was high, we need a strong volume on the way back too, if we don't see a reversal move with strong volume we could go further down for the euro.

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