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EUR/USD Consolidating under 1.3380 after the Opening "Gap" Rally

From fxtimes.com

Consolidation: This week, EUR/USD started with a rally that opened up gaps in many retail charts like 1H MT4 EUR/USD chart above. The pop stalled at 1.3380, and the market has since consolidated under that level, cracking it but failing to clear it in the US session. There are some common intra-session pivots at 1.3355 that appears to be holding the decline briefly, but the low of the consolidation is around 1.3340. Trend, double top?: The 1H chart shows a short-term bullish trend that started on 9/6 (NFP Friday). The 1H RSI has since held above 40 for the most part reflecting maintenance of bullish momentum in this ... (full story)

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