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Cannot consolidate above (5/8)

19 June 2015, EUR/USD

4 hours’ chart of EURUSD. As we expected, the price has left a horizontal channel (3/8 – 5/8) through breaking its upper border. However, so far it has not managed to consolidate above it. Main scenario remains the same: we are waiting growth to the point (6/8). 4 hours' Supertrend line can be used as dynamic support. From this line, the price can bounce up.

Nikolay Krishtopov
FreshForex Analyst
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