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LTCUSD – breach of a trending support line that has been tested at least twice before.

LTCUSD has broken through the support line of a Triangle technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 7 days and suggests a possible target level to be around 96.3857 within the next 2 days.

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EUR/USD is approaching 1.1052. We expect either a breakout through this line, or a rebound.

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