Chart of The Day $EURUSD 12-01-2016

On the EURUSD daily chart we can see that the pair is in rectangle between 1.05600-1.06400. This tend to be bearish consolidation but we need to see 1.05600 level broken. For downside continuation any upside bounce should be capped at 1.07000 level.

Happy trading! (click on the chart to enlarge it)

eurusd price action technical analysis


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