EURUSD is forming a short term cycle bottom |
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EURUSD is forming a short term cycle bottom at 1.4815 on 4-hour chart. Consolidation could be seen in a couple of days, and rebound to test 1.5083 is possible later today. As long as 1.5083 resistance holds, we’d expect down trend to resume and deeper decline is still possible after consolidation.
Filed under: Technical
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