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EURUSD Breaks Free From Resistance

Today, the EURUSD finally broke free from the recent consolidation range it has been in over about the last 10 days. Clearly, bulls are in control of this market now, and as a result we would not be surprised to see more upside movement in the coming days. We could potentially see a move back to retest 1.3200 resistance before the market falls significantly lower again. Traders can watch for price action buy signals on any rotations back down toward 1.3000 - 1.2950 area.

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