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EURUSD Analysis.
EURUSD is forming a sideways consolidation. Pullback to test the support of the up trend line from 1.5302 to 1.5468 is still possible later today. As long as the trend line support holds, we’d expect up trend to resume, and rise towards 1.6000 area could be seen after consolidation.
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EURUSD Analysis.
Being contained by the previous high resistance at 1.5843, EURUSD pulled back from 1.5836. As long as the support of up trend line from 1.5302 to 1.5468 holds, we’d expect up trend to resume and rise above 1.5843 to reach next short term cycle top on 4-hour chart is in favor.
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