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EUR/USD Remains Bullish, Faces Down-Trend At 1.1340

Discussion in 'Technical Analysis' started by Kaitlin, Jun 23, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Considering that both in May and in June EUR/USD confirmed the lower bound of the eight-month ascending channel, our multi-week outlook is bullish. The target is the August 2015 high. However, the pair is currently facing a recently established falling resistance line at 1.1340, which is likely to delay the[​IMG]

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