EURUSD is in consolidation to the up trend, pullback below 1.4014 previous low to reach the next cycle bottom on daily chart is still possible next week. Key resistance is at 1.4281, a break above this level will signal the resumption of the up trend, and further rise towards 1.4500 is expected to follow. For long term analysis, EURUSD is in long term bullish movement, and further rise towards 1.4500 to reach the next cycle top on weekly chart can be seen.
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