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EUR/USD – approaching a price line that has been previously tested numerous times in the past

The movement of EUR/USD towards 1.1070 price line is yet another test of the line it reached numerous times in the past. We could expect this test to happen in the next 3 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.

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Supports and resistances are primary concepts of technical analysis. USD/JPY is heading for an important price of 142.5510 – read about what this could mean for the future.

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If you’re short GBP/USD you should be aware of the rapidly approaching level of 1.3230

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