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Euro / U.S. Dollar
Long

EURUSD: Direction is Chosen

By VasilyTrader
snapshot

EURUSD broke and closed above the resistance line of the horizontal decision range.
now the breakout is considered to be confirmed, and it is a clear bullish sign for us.
the expansion to 1.2 level is highly probable.

however, note that the last few candles are very weak.
it looks like the market is relatively overbought after a breakout.
for that reason, look for an entry on a retest.

good luck!
CurrencieseuroEURUSDforecastForexTechnical IndicatorsmoneySupport and ResistanceUSDDJ FXCM IndexUSD (US Dollar)Wave Analysis
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