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09:20 (CET) - EurUsd: triangle formation
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The dollar tried to exit from the upwards trend, with no success. After rebounding, it went breaking 1.5047, but also without success. Despite that, it managed to hit a new yearly high. Today, the price will try to break 1.5047 to keep thinking bullish. Also, we're getting to a zone of rupture in a triangle shape. In theory, the trend is bullish and the respective rupture should also be. If it follows the trendline, the price will try to consolidate new yearly highs. On the other hand, it's the fourth time that it tries to break 1.5047, which shows that the level is very significant. If that level is not broken, the price will break the trendline and start hitting lower lows, trying to beat the next supports, with a clear target at 1.4911 dollars per euro.
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