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Rising within its range

Rising within its range | 14 October 2013

14 October 2013, EUR/USD

The overall trend remains up and therefore favours more upside eventually, although currently the pair is consolidating. A break above 1.3580 would probably see a continuation higher back to the range highs at 1.3645. A breakout higher after that would also be possible. A move below 1.3525, however would probably see a bearish move unfold down to the range lows at 1.3465, and threaten a change of trend.
Rising within its range
Mark Satcher
Analyst of «FreshForex» company
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