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YourLazyTrader
Aug 30, 2020 2:49 PM

EURUSD is consolidating but a breakout looks likely 

Euro Fx/U.S. DollarFXCM

Description

EURUSD is consolidating between 1.1700 and 1.1950 for almost a month now. Overall, EURUSD is still in bullish territory. A breakout in either direction could happen very soon.

Aggressive traders can try to sell EURUSD at the previous top near 1.1965 provided there are signs of rejection at the resistance level.

However, if the 1.1965 level breaks strongly then EURUSD will probably reach 1.22 level very soon.


Comments
Forex-Edge
Thanks for sharing!!! 👌
YourLazyTrader
@JuanCruzMontes, Thank you :)
InkyGrip
Nice content! thanks for sharing! 🦐
Marcusll
Good Analysis
mamirali550
Great work
maxamad_warsame2
Thanks 👍
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