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EUR/USD Consolidation In Progress

Discussion in 'Technical Analysis' started by Kaitlin, Sep 26, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    A break out of the two-month ascending channel has caused a retracement towards the broken trend-line, meaning that 1.1258 remains the ultimate target for the next few days. With no resistance on the way to the trend-line, the rate will bounce to the downside, with 1.1207 as its next target,[​IMG]

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