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EURUSD consolidate already 5-weeks at 1.12.

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  • This pair seems unstoppable, it depreciated to 1.1510 before bouncing off from it for a temporary correction.

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    • It's finally forming some correction, but it's unlikely this is the end of the bearish trend.

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      • Just a reminder that the NFP data will come out any minute now and there will likely be a lot of volatility when it does.

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        • The NFP is no longer what it used to be, EUR/USD remained in consolidation. Next week we may see further correction to the upside.

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          • The EUR/USD correction continues developing, we'll likely see it reach 1.1800 - 1.1820.

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            • The pair broke out above 1.1800 and it will likely continue rising towards 1.1860 - 1.1900.

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              • It found some resistance around 1.1850 but it's doubtful that the correction has ended for now.

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                • There may be a new move to 1.1840 which could lead to the formation of a double top.

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                  • EUR/USD is depreciating sharply at the moment, it may fall back down to 1.1600.

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                    • The pair finally rebounded from 1.1545 and I think it may form a correction to 1.1640.

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                      • The pair is forming a correction, next week we may see it rallying toward 1.1700 or above.

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                        • The correction continues as a sideways consolidation, that usually means that the move to the downside will continue.

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                          • It rebounded from 1.1500, let's see whether there will be a new move south or this will be the end of it.

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                            • The pair may rebound from 1.1508 as it formed a clear double bottom at that level.

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                              • The rebound did happen, the move to the downside has finally ended for now, I think.

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