vj20_fx
Long

EURUSD UPDATE

FX:EURUSD   Euro / U.S. Dollar
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We have been watching this pair very closely waiting for it to break the strong resistance level it was consolidating in. We have now seen a strong break with very strong bullish candles. I believe we will see a strong rally to the upside however we do have to watch out for the monthly resistance level 1.16100 where price has spiked twice before. If we see price pass through this resistance, it will be an opportunity for a re-entry.

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