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EURUSD’s uptrend extends to 1.2667

Discussion in 'Technical Analysis' started by ForexCycle.com, Jul 7, 2010.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

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    EURUSD’s uptrend from 1.2150 extends further to as high as 1.2667 level. As long as 1.2480 key support holds, uptrend is expected to continue and next target would be at 1.2750-1.2800 area. On the other side, the pair is facing the upper boundary of a rising price channel on 4-hour chart, pullback to the lower boundary of the channel is still possible, however, a break below 1.2480 support is needed to confirm such case.

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