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EUR/USD Congestion Near a Tipping Point?
The EUR/USD currency pair remains in a well-defined range trading zone between 1.45 and 1.40 levels. Despite the choppiness of the currency pair, potential opportunities are beginning to emerge. Nonetheless, the EUR/USD currency pair needs to break through key levels of support or resistance in order to manifest any meaningful trends. Currently, the EUR/USD currency pair is hitting abundant amount of resistance located in the 1.45 to 1.4550 region. Currently, the EUR/USD uptrend is being hindered by a symmetrical triangle (blue lines) whose resistance is disallowing the trend to persist to the upside. A symmetrical ... (full story)