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EURUSD Weekly Analysis - September 25, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 25 September 2016 14:28 UTC
EURUSD moved sideways in a narrow range between 1.1122 and 1.1366. As long as 1.1122 support holds, the sideways movement could possibly be consolidation of the uptrend from 1.0911, another rise towards 1.2000 is still possible after consolidation. On the downside, a breakdown below 1.1122 support will confirm that the uptrend had completed at 1.1366 already, then next target would be at 1.0600 zone.

eurusd chart

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