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Over the last several weeks, the EURO USD has been meandering at the top of a Major Resistance point, forming a fairly large range on the Daily Chart. This area of uncertainty coincides with the Resistance of the Weekly/Monthly Chart´s large Pennant that was formed in the aftermath of the risk-aversion buying of the USD during the Financial Crisis. The crossroads is completed by an uptrend line (in blue) that has defined the direction of the currency since July 2013.
DAILY CHART
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DAILY CHART
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