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Despite all the drama in 1.2660-1.3710 range - technicaly it is just a giant consolidation inside monthly bull trend. At some point - retracement to 1.3240's is highly possible, but there is nothing to see in the lower part of the range until then. For 1st of November, 1.3900's could be duable, but strong bearish correction may start at this level too, so profit taking is for longs is advised.
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EUR/USD continuing its bull trend
Dollar weakness across all majors starting to get firmer for another weekly/monthly swing. EUR/USD pointing to 1.3750’s as its bull target with possible overshoot for 1.3900. Judging by an angle of current weekly swing movement, highs above 1.3710 by the end of September or In the beginning of October. 1.3330/80 is one major quarterly supply area. Once breached – not much of a resistance above up until 1.4000 So far all the correction movements bounce perfectly from retracement points of the fut…