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EURUSD to reach for higher values

I would say the triangle just broke higher and a clear abcde move but, what people don't realize is the fact that the level to be broken on the move to the upside is not given by the previous 1.3966 area but by the all important 1.3922. The reason for that is the fact that price formed a contracting triangle on the previous high and that is all that matters.
In other words, now that the 1.3922 is broken, I would say 1.40 would come sooner rather than later. It remains to be seen if we have so…
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Bearish Aussie

Dynamic support has been broken and judging by how well price is trending here in this channel I would say it is just a matter of time until 0.92 will be broken.....so, long story short, stay on the short side until 0.92 is reached and then prepare for the upper part of the channel to come...
I would say usdcad is more bullish than audusd is bearish so those flows will come to influence this pair as well.
Make no mistake the main event markets are looking for is NFP this Friday, and not th…
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USDCAD to run higher

Like the name suggests here I am quite bullish on the usdcad as the pair is forming a triangle right below a potential inversed head and shoulders pattern and the measured move shows something like 1.1180 area to come. This triangle is a continuation pattern and in light of the FOMC to come I would say the US dollar will move higher across the board on the Fed continuing the tapering process started some time ago. News out of US were mixed but the economy is not deteriorating. It remains to be s…
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