EUR/USD consolidation
This pair has been consolidating in a down channel on the hourly chart but seems an upside break is on the way. An hourly and preferably daily close above the upper trend line confirms the breakout . Next target is January 16 high at 1.14200 and 1.14400 in extension (38.2% fibo retracement level of the September November down move).
Trade carefully and always use SL.
Trade carefully and always use SL.
Ramzi Abou Abdallah, CFTe, CMT
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