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EUR/USD: Descending Channel

EUR/USD, 1 hour    LONG Oct 26
It looks like a descending channel has been observed and EUR/USD calls for an active bullish action to confirm a breakout. A descending channel suggests a useful price action pattern that is used to signal a move up if price breaks through the resistance. EUR/USD to continue the appreciation trend towards 1.057 on a break above 1.0564 as EUR/USD probes 1.0564 hurdle.
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