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The retracement based on our swing (arrows) was corrected, yesterday eurusd broke upward trendline, and retracement has retested it properly during the Asian trading session. If you've taken a position on pullback, move stop loss to break even and let profits run (rule # 1). The couple currently is rejected by our resistance around 1.1396. A consolidation above it would project eurusd around 1.1450, and the next resistance would be around 1.1550. The upward movement would lose its strength below 1.1240 (closed).
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