20-06-2006
EURUSD is forming a sideways consolidation in a range between 1.2530 and 1.2671 on 4 hours chart, further rise to 1.2640 can be seen before downtrend resumes again, and key resistance of 1.2671 will likely be held. On the other side, if 1.2671 resistance is broken above, the pair will rise to 1.2700 area.
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