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In line with yesterday’s assumptions, the price of the European currency against the US dollar has broken the channel and is following the designated levels. There is a strong resistance zone ahead of us, where the rate has already stopped once and made a downward correction. This level may be the stopping point for price to consolidate, but it is not certain.
In the picture we can see the earlier moment of entry. We do not assume entry immediately after the canal breakout, but only after its retest. Let us remember that financial markets require patience from investors, without it most of them lose.
And then the range the price can do.
