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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: consolidation going to move on

EUR/USD: consolidation going to move on

There’s a consolidation, which is taking place on the four-hours chart. Also, we’ve got a “Triangle” pattern, so the market is likely going to decline towards a support at 1.1181 – 1.1165. If a pullback from this area happens, there’ll be an opportunity to have an upward movement in the direction of a resistance at 1.1228.

EUR/USD: consolidation going to move on

The price has broken the Moving Averages, so bears are likely going to get a support at 1.1180 in the short term. At the same time, bulls will probably try to achieve a resistance at 1.1228 afterwards.

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