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I've been trading for 15 years, so I have a lot of things to share. I use the classic technical analysis, which is one of the most powerful tool for any trader.

EUR/USD: market come to local consolidation

EUR/USD: market come to local consolidation

There’s a consolidation above the previously broken trend. So, the market is likely going to decline towards a support at 1.1268 – 1.1233. If we see a pullback from these levels, there’ll be an opportunity to have another upward movement in the direction of a resistance at 1.1349 – 1.1381.

EUR/USD: market come to local consolidation

We’ve got a “Flag” on the one-hour chart, so the price is likely going to get a support at 1.1268 – 1.1253 during the day. However, if a pullback from this area happens, bulls will probably try to reach the nearest resistance at 1.1324 – 1.1349.

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