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EUR/USD: developing upward correction
There's a developing upward correction. Also, we've got a 'Three Methods' pattern, so the market is likely going to test the 55 Moving Average. A pullback from this line could be a departure point for another decline.
The market went through all the Moving Averages. So, it's likely that the pair is going to test the lower 'Window" soon. If a pullback from this level happens little later on, bulls will probably try to test the upper 'Window'.
Galya Svetlova
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