EURUSD fell below the support of the up trend line 1.3550 to 1.4125 rebounded 1.4524 level. Sideways consolidation in a range between 1.4524 1.4966 can be expected next week. Key resistance is at 1.4966 a break of this level would signal the resumption of the up trend. For long term analysis EURUSD is in consolidation to the long term bullish movement further rise towards 1.6000 to reach the next cycle top on weekly chart can be seen after consolidation.
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