ClearEdgeFX

EURUSD - PRICE AT THE BOTTOM OF THE 4H CHANNEL

FX:EURUSD   Fx Euro/Dolar U.S.
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This morning's impulsive move resulted in the price landing at the bottom of the channel that has been in place since the beginning of September. A break of the 1.1100 level would likely mean a re-test of 1.1000 and possibly 1.0850. On the other hand, we could see a bounce off the trendline with price reversing to 1.1500.

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