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EURUSD Bull Channel Base Holds

EURUSD Bull Channel Base Holds

EURUSD is firmer today and key support at 1.1753 remains intact.

  • A clear bull channel has developed since mid June, the start of the current bullish cycle.
  • Drawn off the May 14 low, the pair recently tested the base of the bull channel at 1.1758, on Sep 9. A low print of 1.1753 was registered that day.
  • Thus far, the channel base remains intact and this keeps the uptrend in place.
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