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Confirms Falling Wedge - EURUSD.........>

EURO-DOLLAR
EURO-DOLLAR: Confirms Falling Wedge
- EURUSD breached and closed above 1.1240 yesterday, confirming the falling
wedge chart pattern.
- It's also worth highlighting the Doji candle that was charted prior to the
breakout and is normally seen at the bottom/top of trends.
- The bullish reversal pattern has seen gains extend toward the 50% retracement
of the Mar-Apr fall & 100-dma at 1.1278.
- Channel top resistance is located at 1.1314, ahead of the Apr 17 high &
200-wma at 1.1324/46.
- Seasonality trends have seen EURUSD register gains in June six of the last
eight years, currently +0.91%.
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