EUR/USD Breaks down Consolidation Support and a Rising Trendline

Trendlines: First let’s talk about the falling trendline that held after a relief rally retreated from 1.2930. The 5/16 session saw EUR/USD stuck in consolidation, but the 5/17 Friday US session saw some action as EUR/USD broke below the previous 1.2842 low. This broke another couple of rising…

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EUR/USD Breaks down Consolidation Support and a Rising Trendline

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