Hard Work, Never Loss
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EURUSD Back in the Uptrend Channel
In the previous analysis I have pointed that the price could reach $1.16178 level and then make a pullback to $1.16700 – $1.17000 area. The price did just that and reached uptrend channel support level which is a confluence of horizontal resistance and uptrend support line. From there the price returned back to $1.16178, but since then the price changed from the bearish into the bullish sentiment. The change was because of U.S. elections and uncertainty that was present in the U.S. market. The price has ended the week near the strong resistance level $1.19000. Strong positive news about the U.S. market did not have ... (full story)