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EURUSD remains in uptrend from 1.0494

EURUSD remains in uptrend from 1.0494, the fall from 1.0824 is likely consolidation of the uptrend. Near term support is located at the bottom of the price channel on 4-hours chart. As long as the channel support holds, the uptrend could be expected to continue and next target would be at 1.0900 area. Key support is at 1.0705, only break below this level could signal completion of the uptrend.

EURUSD chart

 

By ForexCycle.com

 

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About Louie Lewis

Louie Lewis
Successful forex trading starts with you first. Then comes the actual strategies and techniques. I have been involved with forex and forex trading for a few years now. It is a wonderful way to build wealth. The learning never stops and I want to help others along their journey into this wonderful market of opportunity.

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