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A quick move expected on XRPUSD as it starts approaching a resistance line of a Channel Down

XRPUSD is heading towards the resistance line of a Channel Down and could reach this point within the next 2 days. 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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After testing 80.43 numerous times, Merck & Co. Inc. is once again approaching this price point. Can we expect a bullish trend to follow?

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Important resistance line being approached by 10 year US Treasury Note JUNE 2019. This price has been tested numerous time in the last 6 days

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