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A quick move expected on EUR/USD as it starts approaching a support line of a Triangle

EUR/USD is heading towards the support line of a Triangle and could reach this point within the next 8 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.

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We expect a $402.05 movement on USDJPY within 2 hours following the event release at 06 Sep 12:30.

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