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    EUR/USD: continuing to rise within consolidation range

       
    Is consolidating at the level of long-term support after having been in a major down-trend. Within that consolidation the pair is rising in a very-short-term up-trend visible on the 4-hour chart.

    The up-move is likely to continue, even though it has stalled as traders await news about whether Greece can negotiate a bailout – especially now Varoufakis has been replaced with a supposedly more amenable alternative.

    Nevertheless based on technicals alone, the move higher should rise up to the next set of targets, beginning with 1.1000 psychological barrier and round-number, and then 1.1035 range highs.

    Traders who wish to enter the market can do so at a break of the current 1.0925 highs, again with an initial target at 1.1000.
    EURUSD28

       
    Is consolidating at the level of long-term support after having been in a major down-trend. Within that consolidation the pair is rising in a very-short-term up-trend visible on the 4-hour chart.

    The up-move is likely to continue, even though it has stalled as traders await news about whether Greece can negotiate a bailout – especially now Varoufakis has been replaced with a supposedly more amenable alternative.

    Nevertheless based on technicals alone, the move higher should rise up to the next set of targets, beginning with 1.1000 psychological barrier and round-number, and then 1.1035 range highs.

    Traders who wish to enter the market can do so at a break of the current 1.0925 highs, again with an initial target at 1.1000.
    EURUSD28


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