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EUR/USD: Descending Channel

EUR/USD, 1 day    LONG Jun 16
There is a descending channel identified and the price wants an active move for the certainty of breakout. A descending channel typically results in a change in price direction in case if price breaks through the resistance. EUR/USD to turn bullish to the 1.1 zone on a breakout of the descending channel as outlook for the currency pair stays positive.
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