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EURUSD Weekly Analysis - June 5, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 05 June 2016 09:42 UTC
Being contained by the bottom of the upward price channel on daily chart, EURUSD rebounded from 1.1097, indicating that the pair remains in uptrend from 1.0517. Further rise could be expected in a couple of weeks, and next target would be at 1.2000 area. Key support is now at 1.1097, only break below this level could signal completion of the uptrend.

eurusd chart

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