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A quick move expected on Intel Corporation as it starts approaching a support line of a Triangle

Intel Corporation is heading towards the support line of a Triangle and could reach this point within the next 13 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 $130 movement on EURUSD within 12 hours following the event release at 20 Sep 14:00.

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Trade of the Day: NZD/CHF

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