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EURUSD Trade For Long In Expanding Wedge Pattern.

xyaus
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#EUR/USD# EURUSD Trade For Long In Expanding Wedge Pattern.

EURUSD is trading in expanding wedge pattern , we might see it continue to trade in expanding wedge pattern for some more time. According to chart pattern analysis, one can initiate the long trade on EURUSD with proper risk management and stop loss levels

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AnnaZ
The direction of the EUR/USD is likely to be determined by trader reaction to 1.1861 to 1.1826.
Veron83
Any further projection on exact levels? This is very interesting as the pairing took a dip to about 1.1814 after showing a rise to 1.19 after the ECB announcement. I figured that the rise would be sustained for a much longer period..
Mary Grace
It will be interesting to see if the EUR/USD pair is able to capitalize on the strong positive move or witness some profit-taking at higher levels.

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