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Trade The Breakout

FX:EURUSD   Euro / U.S. Dollar
EURUSD is at a critical juncture. It has been coiling up inside the symmetrical triangle for a long time. We are now very close to a decision point in this pair. Wait for a clear breakout. The larger trend is still bearish so if it breaks lower, it is expected to decline very aggressively. If it breaks higher, we would want to be sure that it is not a fake out. In any case, it is important to wait for confirmation.

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