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EURUSD Consolidates Under Fresh Five-Week High, Upside Remains In Focus

Discussion in 'Technical Analysis' started by Kaitlin, Aug 1, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The Euro peaked at 1.1295 on Friday, marking strongest daily gain since beginning of June, on extension of recovery action from 1.0950 (25 June trough). Rally has cracked key short-term barrier at 1.1185 (top of post-Brexit consolidation). Also, strong bullish signal was generated on strong weekly bullish close, as well[​IMG]

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