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EUR/USD – breach of price line thats been previously tested numerous times before

EUR/USD has broken through a resistance line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 10 days and suggests a possible target level to be around 1.0801 within the next 2 days.

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A $667,395.562 movement could be seen on ES within 48 hours following the release of Balance of Trade.

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Maybe a $877.052 movement on USDCHF within the next 48 hours.

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